The HEDON CO-OP FOOD store on Hull Road is currently subject of contractual arrangements, which if successful would lead to the supermarket becoming one of the outlets of the newly-reformed Netto .
Netto owned by the Danish retailers Dansk Supermarked left the UK market in 2010 but Netto UK has been reformed and in a joint venture with Sainsbury hopes to have opened 15 new stores by the end of 2015.
A spokesperson from Netto told the Hedon Blog:
“I can confirm that we’ve exchanged contracts with the Co-operative Group and we’re looking forward to bringing the new-look Netto to Hedon.
“The deal is dependent on approval by the Competition Markets Authority. If successful the new store will open later in the year and offer outstanding value, great fresh food and an in-house bakery with delicious fresh Danish breads and pastries.”
It is understood that staff within the store have been told by the Co-operative Food Group of the development.
The Co-operative Food Group are currently transforming themselves into a convenience operator. As part of their retailing strategy they have indicated that the sale of larger stores would allow them to concentrate on their smaller convenience estate and despite well-publicised difficulties in recent years, the Co-op has actually been opening new smaller stores.
There is currently a planning application lodged with the East Riding of Yorkshire Council to build a new Co-op Food convenience store on the site currently occupied by the Royal Mail pub in Thorngumbald. Whilst that scheme has its supporters in the village, the move to demolish the pub does seem to have raised a lot of antipathy towards the Co-operative Group.