Coop Sweden has launched a new store format, X:-tra – en del av Coop, that will focus on the pricing of every day goods, as well as its entire range.
The retailer aims to open 70 stores under the banner by the end of 2022.
The new store format is described by the retailer as a 'spacious and residential store that focuses on price, with a well-adapted range that covers all everyday needs'.
"We have listened to our members, followed the changes in society and come to the conclusion that a store format like X: -tra is needed," said Marie Nygren, acting CEO of Coop.
"There is room for a new store format in the Swedish grocery market that focuses on price, offers well-known brands at good quality and has a strong price offer in a store close to home."
Six-Store Pilot
The new store format is been tested in six stores in different locations across Sweden.
X: -tra is a new store concept with its own defined range, its own graphic profile, its own communications, and its own store operations, the retailer noted
Ola Andersson, business manager X: -tra, said, "During the pilot phase, we have collected valuable data and continuously adapted the store format to ensure that we have a really good offer.
"X: -tra has a strong price offer with a focus on always offering decent prices on all goods every day. At the same time, we can stand to be compared with other competitors."
As part of Coop Sweden, the new store format will benefit from Coop's purchasing department's bargaining power and supplier requirements, while shoppers can also avail of the retailer's membership programme.
Positive Feedback
According to Peter Nordman, sales and operations manager at Coop Väst, "We are satisfied with the tests and the tuning done by the store format. The feedback from our members and customers who have visited our pilot stores has been very positive.
"As we now enter the next phase and will open up more X: -tra stores, we are broadening our customer base and can give more members and customers a good alternative that suits their needs."
© 2022 European Supermarket Magazine. Article by Conor Farrelly. For more Retail news, click here. Click subscribe to sign up to ESM: European Supermarket Magazine.
