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 […]