*
Home | Log in *
*
*
Return to Homepage * Retail Analysis
*
Back to List * Print page Print page
*
*
*
SCA
*
*
28 Jul 2010

The Co-operative Group's CEO, Peter Marks, has provided an update on the retailer's recent progress including its relationship with its suppliers, its ethical food trading and its convenience format strategy, in a recent BBC Radio 4 interview.

He has commented about the effect of the economic downturn on its business:

"It is very tough at the moment; we are a diverse business so different parts of our business have fared differently. However, food is fairly resilient and retail food is our biggest business, which has performed extremely well. We are going through a big change - we are integrating Somerfield which we bought, and we are also investing heavily in our shops and stores to modernise them. We are benefiting from this investment and our like-for-like sales performance has been very good. We recorded a record profit last year and we are going to do pretty much the same this year."



To view the IGD analysis of this article click here to log in
*
*
*
*
*
*
* * * *
SCA
*
*
*
2 Sep 2010SCATech support at Tesco
SCA
2 Sep 2010SCAThai growth planned at Boots
SCA
2 Sep 2010SCALatest online promotions driving value and health credentials
SCA
2 Sep 2010SCAWaitrose to introduce convenience store sub-brand
SCA
2 Sep 2010SCACouche-Tard increases offer for Casey's
SCA
*
*
*
*
* * * *
SCA
*
*
*
You need to be a Retail Analysis subscriber to access the whole story from our Bulletin service.

A subscription offers so much more on top of the news.Find out more about the service here.
*
Subscribe now Subscribe now
*
*
*
*
* * * *
SCA
*
*
*
  • Sent to over 16,000 industry contacts
  • Team of experienced analysts reporting on top stories
  • Coverage on the UK and from around the world
  • An essential read!
*
Sign up now Sign up now
*
*
*
*
*
*
* IGD.com | Jobs@IGD | Terms of business | Site terms | Privacy policy | Sitemap | Accessibility * *
* © 2010 The Institute of Grocery Distribution and IGD Services Limited 2004-2010. All rights reserved.
*
*
*