The Co-op news and analysis – Page 125
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Somerfield: An astonishing decline'
Somerfield has lost a quarter of its market share in the past 12 months, says an influential City analyst. Dave McCarthy of Schroder Salomon Smith Barney said the decline was "astonishing". He added: "New management will be trying to address the...
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Waitrose extension on track
Waitrose is on target to reopen the 11 Somerfield stores it bought in January by the end of July. The multiple is currently refurbishing three stores at Sudbury, Paddock Wood and Hythe and they are scheduled to reopen on May 24, 31 and June 1...
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Spain: Spanish cherry imports boost
Redbridge and Valle del Jerte co-op forge new link A new marketing agreement which is expected to boost imports of stalkless Spanish Picota cherries has been signed between Agrupacion de Co-operatives, Valle del Jerte, one of the region's largest...
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C0-op: Egg colouring is no yolk
The Co-op has followed Iceland's lead by selling eggs from chickens fed a natural diet. Buyer Geoff Cox said the society would source its entire range of eggs from hens fed an artificial ingredient-free and GM-free diet once a suitable supplier had...
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Somerfield: U-turn: We don't want the distraction'
The new Somerfield management team has announced a u-turn in the company's plans, taking 350 Kwik Save stores off the market. The announcement caused a sudden drop in share price last week after the City baulked at the third change of direction in...
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Former Somerfield ceo on the scent of a truly fresh challeng
Exclusive Julian Hunt David Simons is already plotting how to make his comeback to the retail scene and that could include making a bid for Somerfield. Speaking for the first time since he was ousted as Somerfield's chief executive, Simons...
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United Norwest on a roll
United Norwest Co-op has reported its sixth successive year of rising profits. The society the country's second biggest after CWS reported a 65% jump in pre-tax profit in the 12 months ending January 22. Excluding exceptionals, profit was up...
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News analysis: all change at Somerfield The man for the job
He's done great things at Budgens so can John von Spreckelsen work the same magic at Somerfield, asks Tony Brown Somerfield first encountered John von Spreckelsen in its bid to take over Booker back in September 1998. On that occasion, both...
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Name Martin Hyson
Position Chief executive Company Budgens The job A promotion prompted by the imminent departure of John von Spreckelsen who joins struggling Somerfield as executive chairman at the end of the month. Hyson is seen by the Budgens board as the natural...
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A stretching' rebranding
Waitrose will reopen three of its rebranded Somerfield stores by June. But the store openings, in Sudbury, Paddock Wood and Hythe, will mean Waitrose's services department will be "uncomfortably stretched", as the company rushes to open the other...
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Major supermarket chains rally behind new code for fair prac
Clive Beddall Six top multiples are responding to a plea from agriculture minister Nick Brown and introducing an industry code of best practice for doing business with farmers and small producers. Asda, Morrisons, Safeway, Sainsbury, Somerfield...
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Co-op bomb hoaxer gets jail
A Co-op worker was jailed this week for 18 months after being convicted of making four hoax bomb calls to his own store.
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Somerfield boss hopes to trade out of the gloom
Somerfield's new chief executive Alan Smith arrives this week amid a commitment from the group that its focus on neighbourhood retailing and home delivery will remain unchanged. Smith will be charged with improving the trading performance of the...
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Green light for Co-op merger
CWS and CRS will form Europe's largest co-operative when their merger goes live this week. But CWS says there is still much to be done before the benefits will be seen. Chief executive Graham Melmouth said: "This is a seminal moment in the...
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THE HEAT IS ON FOR SALES
Supermarkets across the country are preparing a carnivores' feast in preparation for this year's barbecue season. Somerfield has streamlined its range of chicken products into a core range of popular lines namely chicken and chinese flavours ...
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Somerfield scheme gets our vote...
Sir; I read with interest the story on Somerfield's plans to supply village stores and the trial at our store in Ickford, Buckinghamshire (The Grocer, March 18). What was clearly missing, however, was a view from the village. Village stores and...
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New IT system for Co-op
Exclusive Julian Hunt United Norwest Co-op has started the roll out of a sales based ordering system as part of a major investment in IT systems. Paul Griffiths, who heads the society's food division, said the initial focus for the perpetual...
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Now Somerfield treads on wholesalers' toes
Somerfield is set to challenge traditional delivered wholesalers after announcing plans to supply village stores. In a clear threat to established wholesalers, the retailer said the scheme would be available to shops within a 10 mile radius of any...
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City sceptical at talk of US venture capital move
Belinda Gannaway The City has been forced into a waiting game following Somerfield's announcement on Monday that it is in talks with one or more bidders. Few analysts believe the approach has come from a trade buyer either domestic or overseas....
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FULL CIRCLE
The old guard will grumble but the reunion of CWS and CRS will have to mean democracy removed from the grassroots It is ironic that one of the main architects of the Co-op merger plans should be culled by his own axe when the plans got the approval...