Co-op food retail: an organisation that has expanded in the wrong areas?

Posted Posted in Co-operatives, Economy, Food, Local economies, Procurement, Regional economies, Trade, Transition

. Gary Greenwood, analyst at Shore Capital comments on the Co-op Group’s food retailing: “It just looks like an organisation that has expanded in the wrong areas . . .“ Food sales were down 0.7% on a like-for-like basis. Overall, the group reported losses before payments to members, the equivalent of pre-tax profit for a plc, of £599m, in the […]

Lincolnshire Co-operative’s local multiplier is evaluated

Posted Posted in Books and articles, Co-operatives, Economy, Import substitution, Local economies, Localisation, Procurement, Uncategorized

Localise West Midlands argues that small and medium locally based businesses, including those who may be part of a larger national franchise, have a greater ‘local multiplier effect’ on local communities, increasing the community’s prosperity directly, as well as creating comparatively high numbers of jobs. In summer 2012, Lincolnshire Co-operative, an outstandingly well-run society, used the Local Multiplier 3 (LM3) […]