In the last month Somerfield opened a new store on the High Street in Lincoln. Today we hear that the company has been sold to the Co-operative Group.
The question I have is, “what will happen to the store on the High Street?”.
Lincolnshire is awash with Lincolnshire Co-op’s (different to the Co-operative Group, who are owned by the old Manchester Co-op), so I don’t think they will want to compete.
The BBC talk of stores being sold off, however the names being mentioned are:
– Waitrose (already one uphill)
– Morrisons (already one on Triton Road)
– Iceland (litterally opposite),
so I don’t think any of them will buy the site.
Hopefully the real media might get some answers in the next few days.