Central Co-op Members Have Saved a Whopping £2.6 million via Member Pricing
Posted by sam bishop | Published: 12/06/2023
Members are at the heart of everything Central Co-op does as a Society, which is why Member pricing was introduced last October, reducing prices on over 50 essential items for Members, from bread to milk and eggs. The Society then extended the Member pricing this year to over 100 everyday items, featuring items like pet food, cleaning supplies, and toiletries.
This month Central Co-op has revealed the extension of Member pricing yet again, continuing to discount over 100 items. As a Member-owned Society, Central Co-op wants to continue offering savings to them during the cost-of-living crisis, and these generous savings will be active as we head into the summer.
A four-pint carton of skimmed, semi-skimmed, or whole milk are £1.50 each as a part of Member pricing, reduced from £1.85, while a six-pack of free-range medium eggs is available for £1.25 (down from £1.70) and both wholemeal and toastie loaves of bread are £0.75, down from £1.30.
Overall, Members have saved over £2.6 million collectively from discounts with the Member pricing since it launched, especially when it comes to milk, which is the top seller. In fact, four-pint cartons of whole and semi-skimmed milk have been the top items purchased since Member pricing started, with 6.4 million pints sold. That’s enough to fill one and a half Olympic Swimming Pools!
These discounts are available to all Central Co-op members, and joining is simple online or via the Central Co-op App.
This is just one of the many benefits for Members, as twice a year Central Co-op pays a dividend to eligible members of the Society based on how much they’ve shopped in stores in the previous 6 months. Share of the Profits is available to Members who have earned £1 worth of points or paid £1 into their share account when joining the Society.
Members can also get involved with events and classes - ranging from dance classes and film clubs to fitness groups and Tai Chi classes - along with having their say in how the Society is run as a part of democratic elections.
The continued support of Members also allows the Society to invest funds into important community projects through its Community Dividend Fund, which supports hundreds of local good causes each year by investing a portion of Central Co-op's trading profit.
About Central Co-op
Central Co-op is one of the largest independent retail co-operative societies in the UK, with a heritage stretching back over 175 years and interests in food, funeral, floral and property investment.
Owned by hundreds of thousands of members, its 7,700 colleagues serve customers across 440 plus trading sites in 21 counties in the East and West Midlands, Yorkshire, Suffolk, Norfolk, Bedfordshire, Cambridgeshire, Oxfordshire, Gloucestershire and Wiltshire.
Its purpose is to create a sustainable Society for all.
It actively campaigns for food justice and works with FareShare Midlands and a network of local food banks. It also adds £1 to every Healthy Start Voucher redeemed in store and supports six schools in partnership with Magic Breakfasts.
The Society embraces inclusivity and equality and is a signed-up member to the Business in the Community (BITC) Race at Work Charter. The Society is also a member of Diversity in Retail and it is fully committed to addressing the impacts of climate change by reducing carbon and food waste, increasing recycling and investment in community Sustainable Spaces funded by the carrier bag levy. It recently launched its Malawi Partnership to support farmers and producers in the country through the Co-operative International Trading Development Fund.
It invests a percentage of its trading profit into local communities through its Community Dividend Fund scheme which has seen over £109,769.25 shared out between 121 good causes in 2022.
Press office contact: Sam Bishop, PR Specialist