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The Co-op news and analysis – Page 107
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News
Somerfield refits grow sales
Somerfield has revealed an upturn in sales growth in the second half of the year, to back its argument that the group is worth more than the £509m offered by John Lovering and Bob Mackenzie last month.The Bristol-based supermarket operator...
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Norpak agreement
The Co-operative Group has agreed to buy United Co-operatives’ chilled and frozen distribution arm Norpak for an undisclosed sum.There are at least two months of due diligence to go through first, said a spokeswoman, but “the deal has been...
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calum kirk
Senior buyer iceland Scotsman Kirk has been at Iceland for three years. He started his career in the grocery department of Scottish co-operative Scotmid and then moved to Somerfield as a buyer. He says his style of working with suppliers is...
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Owen moves on impulse
The Co-operative Group's category manager for chilled foods, Michael Owen, is to move across to become head of category buying for ambient and impulse lines. Owen will be responsible for categories that include confectionery, crisps and snacks,...
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Scepticism that trade would bid
The prospect of a trade buyer emerging as the mystery bidder for Somerfield has been dismissed by analysts, although some sources close to the business believe it could be an attractive target. Somerfield announced on Tuesday it had been...
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Press round-up ... Somerfield
Potential bidders for the supermarket group Somerfield, John Lovering and Bob Mackenzie, could make an all cash offer of around 100p a share this week to value the UK’s sixth biggest supermarket chain at about £500m, according to The...
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Sir Terry Leahy might have stolen Malcolm Hepworth's thunder
While Tesco bosses faced a barrage of negative publicity about the devastation a pumped up Tesco Express could wreak on the independent sector, the man at the helm of the Co-operative Group's food retail business has been left to get on with...
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Troubleshooter O'Neill must shake up Conveco
Convenience store operator Conveco has appointed Tony O'Neill, former managing director of Somerfield Stores, chief executive. O'Neill replaces MD Allen Hutchby who left last week. He will be seeking to improve Conveco's growth programme, in...
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Quantum leap for CRTG with ranging software
Elaine Watson A major upgrade of space-planning software across almost 2,500 stores in the Co-op's CRTG buying group has just been completed. The new user-friendly software from Galleria enables merchandisers to generate electronic...
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Aconfused public is the last thing any government wants when
The DoH is proud of its 5-a-day campaign which is designed to encourage consumers to eat five 80g portions of fresh fruit and veg a day. However, Tesco, Sainsbury and Somerfield have all declined to use the government logo. Each is, instead,...
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Asda forgets the niceties, Co-op bags split
Asda in Stowmarket provided the cheapest of this week's three full baskets at £36.30. Sainsbury in Stirling gave Asda a run for its money with eight items on offer for a basket price of £37.08. A checkout error led to potatoes being charged at...
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JS and Co-op make MSC pledges
Kit Davies Marine Stewardship Council chief executive Brendan May says Sainsbury's commitment to source all wild fish from sustainable fisheries by 2010 "sends strong signals to other retailers". May said he hoped other retailers "would...
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The Co-op is in for a rough ride
The High Court battle between Asda and the Midlands Co-operative over the new Asda store in Thurmaston, Leicestershire, moves on to the next stage on March 31, when the new store opens. CACI's analysis of the potential impacts from the 45,000 sq...
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Somerfield's sweeping changes
The Somerfield group has restructured its Somerfield and Kwik Save business units and group buying teams. At Kwik Save the buying function has been concentrated into three core teams ambient, fresh and non-food. Category director Kim Mawby has...
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Rachel Bain
buyer, yogurts, desserts & cream cakes the Co-operative group Bain joined the Co-operative Group 10 years ago, in this role the last two. Last year her section recorded the highest share of short life dairy for two years, highest ever spend...
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Farmers' faces go on to labels
Ed Bedington Beef farmers are set to get a higher profile in Somerfield stores by appearing on their products' labels. The retailer has introduced a scheme to highlight the name of its farmers of Scotch beef for its premium So Good'...
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The Co-operative Group's non-food strategy is full of Orient
Staff from New Century House now deal direct with the Chinese federation, which represents more than 2,000 manufacturing co-ops and state-owned and private firms, to get cut-price goods which are translated into WOWs in market town stores. (The...
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Waitrose would be the winner
Waitrose and Marks and Spencer will be the winners in a Safeway sale, with Somerfield, Sainsbury,Big Food Group and the Co-operative Group likely losers. That was the consensus of opiinion at the seminar.If Sainsbury lost, it would be exposed as...
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Weaker suppliers in firing line
Anne Bruce The sale of Safeway will produce a "killing ground" of weak brand and private label suppliers who face crippling reductions in margins and the possibility of losing their entire business, former Somerfield chief executive David Simons...
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United Co-op's Griffiths seeks fresh challenges
John Wood The head of United Co-op's food group, Paul Griffiths, has left after six years with the society and is currently evaluating opportunities within the food sector. Griffiths said he had been with the co-op for six years during a...