Scotmid chief upbeat following annual results
SCOTMID Co-op will continue to invest for the long-term future of the business, its members and communities, says chief executive Karen Scott.
She was speaking after annual results for the year ending 31 January 2026 revealed a resilient performance.
The society delivered a £1million trading profit and grew turnover to £432million – an increase of £3million year on year (including a 53rd week).
This was achieved despite significant supply chain disruption caused by the Co-op Group cyber incident in May last year and continued cost pressures across the retail sector.
Scott told Scottish Grocer that investment would continue into the convenience store estate – with a new concept store with a focus on food to go and impulse in Uddingston, followed by an outlet in Burghead, Moray, due to open later in the summer.
A further 20 shops will be getting major upgrades and she said she was excited about a significant investment in technology that will see the launch of a member app in the coming months.
Scott identified other areas for retail growth through expanded online sales, further developments in food to go and matching growing consumer demand for healthier options.
Referring to the Middle East crisis and potential rises in costs, she vowed that Scotmid would do its best to mitigate the impact on customers. And she was optimistic that events such as the World Cup would help boost business during what looked set to be a tough year ahead.
The chief exec also thanked “great colleagues” who had risen to the challenges of the Co-op Group cyber attack and organised creative events that led to charity partner Maggie’s Centres receiving £288,000.
That was part of £537,000 donated to charities and good causes, supporting more than 1,000 local projects, with Alzheimer Scotland/Alzheimer Society as the Scotmid charity for 2025/26.
Scott said of the annual report: “These are resilient results and a real testament to the commitment and effort of colleagues across the society.
“Looking ahead, our priorities are clear. We remain focused on strengthening retail performance, improving efficiency and continuing targeted investment to support long-term sustainability and future growth.”
