It was confirmed today (30th Oct) that the Co-operative supermarket on Hazelwell Street, Stirchley, has been sold to supermarket rivals Morrisons.
After much speculation as to the future of the store which plays a big part in the local community, with many residents employed by the chain, it will be a relief to many that it will continue as a supermarket.
A spokesperson for the Co-operative said: “The Society can confirm that it has entered into an agreement with Morrisons to sell its Supermarket in Hazelwell Street, in Stirchley.
“This will mean staff will be transferred across as part of the sale, with colleagues retaining existing terms and conditions under Transfer of Undertakings Protection of Employment (TUPE) legislation.
“The Society has been working for several months on various proposals for the Stirchley store and chose this option to ensure that employment for colleagues would be retained.
“The decision on the future of the store came following a full review of trading performance, which indicated a decline in sales with increasing losses projected in future years.
“Like other retailers, we are constantly adapting to retail challenges at a local level, please be assured this decision was not taken lightly and is necessary to protect the long-term future and growth of the Society as a whole.
“Despite these planned sales, Central England Co-operative remains committed to Birmingham and is planning several new stores and refurbishments to ensure our members and customers continue to be served.
“We would like to thank all staff for their commitment and dedication during their time with the Society.
In light of the confirmation, local Councillor for Stirchley, Mary Locke told B31 Voices: “I wish to thank the Co-op for all they have done for our community, including their generous support for our foodbank appeals. I will be sad to see the Co-op go, I am pleased it will remain a supermarket, the last thing Stirchley needs is another vacant site in Stirchley. It is also reałly good news the the staff will be transferred over.”
A date for the proposed completion of transfer has yet to be confirmed.