Money, investing, mutuals etc
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planteria
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by planteria » Sun Apr 07 2019 10:55am
good to see, and they seem to be doing a good job in-store.
most of the stores around us are regional co-ops, not 'CWS', but some stores have followed the new branding.
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Boro Boy
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by Boro Boy » Sun Apr 07 2019 11:20am
Always confused by all the different Coop's. When I'm travelling I notice that "national" offers for Coop are not necessarily adopted by "regional" Coop's... Very confusing! Don't know how that works...!?!
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Richard Frost
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by Richard Frost » Sun Apr 07 2019 11:45am
Boro Boy wrote: ↑Sun Apr 07 2019 11:20am
Always confused by all the different Coop's. When I'm travelling I notice that "national" offers for Coop are not necessarily adopted by "regional" Coop's... Very confusing! Don't know how that works...!?!
They are different companies but take national branding, A bit like Spar or Nisa. NB: NISA was an independent company but was bought out by the Co-operative Group Think of The CWS (Co-operative Wholesale Society) as a wholesaler. Although CWS does run its own shops as well.
Last edited by
Richard Frost on Sun Apr 07 2019 3:15pm, edited 1 time in total.
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pabenny
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by pabenny » Sun Apr 07 2019 12:19pm
Not sure how much it ranks as good news:
Total revenues at the Co-op jumped 14% to £10.2 billion
while
Underlying pre-tax profits were flat at £43 million
Although I suppose keeping profits flat is something of an achievement in the current retail climate. It's a tiny level of profits, though. Tesco UK is about four times the size and makes about 25 times the profit (the figures may not be wholly comparable but the contrast is striking).
Last edited by
pabenny on Sun Apr 07 2019 1:36pm, edited 1 time in total.
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Richard Frost
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by Richard Frost » Sun Apr 07 2019 12:35pm
pabenny wrote: ↑Sun Apr 07 2019 12:19pm
Not sure how much it ranks as good news:
Total revenues jumped 14% to £10.2 billion
while
Underlying pre-tax profits were flat at £43 million
Although I suppose keeping profits flat is something of an achievement in the current retail climate. It's a tiny level of profits, though. Tesco UK is about four times the size and makes about 25 times the profit (the figures may not be wholly comparable but the contrast is striking).
What company is this please? Not the co-op?
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pabenny
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by pabenny » Sun Apr 07 2019 1:34pm
Yes. Co-op. Quotes taken from the MSN report linked above
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planteria
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by planteria » Sun Apr 07 2019 3:08pm
agreed re the complexity... i'm a member of:
The Co-operative Group
Midcounties Co-operative
Central England Co-operative
Heart of England Co-operative
Lincolnshire Co-operative
Scotmid Co-operative
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Richard Frost
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by Richard Frost » Sun Apr 07 2019 3:17pm
It is very doubtful, although not impossible that the independent Co-ops will ever give up their mutual status. They are more likely to be absorbed into the CWS or the Co-op group.
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