All Co-operative Group articles – Page 44
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NewsCo-op boss criticises rivals’ ethical stance
Co-operative Group chief executive Peter Marks accused his grocery rivals of “jumping on the bandwagon” of ethical retailing as he reported a slide in first-half sales and profits.
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OpinionBlog: Retirement suits relaxed Peter Marks
Peter Marks appeared more relaxed than usual at The Co-op’s interim results yesterday. The last time I saw Marks was at Retail Week conference when he was literally sprinting down a corridor to go to a meeting in Westminster.
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NewsCo-op reports positive results from contactless payment trial
The Co-operative Food has reported positive results from a trial of contactless payment in its London and Manchester stores.
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InterviewQ&A: The Co-op chief executive Peter Marks
The Co-operative Food today reported a 16% fall in half-year profits, and a like-for-like sales decline of 1.2%. At group level operating profits fell by more than a third.Here, group chief executive Peter Marks and chief financial officer Steve Humes explain group performance.
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NewsCo-op profits tumble 16% in 'fiercely competitive food market'
The Co-operative Food’s underlying profit slumped 16% to £119m in the six months to June 30 amid “fierce” competition in the food sector and the “unrelenting consumer downturn”.
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AnalysisAnalysis: Co-op’s battle continues as new era dawns
With its boss stepping down amid challenging market conditions and falling sales, can the Co-op reverse its decline and continue to compete against the big four?
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NewsAsda and Sainsbury's growth surges forward
Asda and Sainsbury’s growth has surged although Tesco is closing the gap on its archrivals, according to Kantar Worldpanel.
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NewsChanges likely at Co-op as Peter Marks bids farewell
The Co-operative Group’s new boss must revamp the retailer’s supermarket format and marketing if it is to win back share, believe industry observers.
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AnalysisAnalysis: Peter Marks’ reign and The Co-op’s challenges ahead
“It’s vicious,” says Co-operative Group chief executive Peter Marks of competition in the grocery market which has changed “beyond recognition” in his 45 years with the business.
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NewsPeter Marks to step down from The Co-operative Group
The Co-operative Group chief executive Peter Marks is to retire from the business next May.
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NewsCo-op refinancing may lead to acquisition
The Co-operative Food could acquire a smaller operator after the retailer secured a refinancing of almost £1bn this week.
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NewsThe Co-op in 'good shape' for further acquisitions
The Co-operative Food could invest a chunk of finance into acquiring a smaller operator after its owners secured just under £1bn this week.
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NewsCo-operative Group secures £950m in refinancing deal
The Co-operative Group, which includes the food retailer The Co-operative Food, has agreed a £950m refinancing deal with a group of banks led by Barclays.
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NewsIceland and Farmfoods targeted in milk price protests
Iceland and Farmfoods are the latest retailers to be targeted as part of a dairy farmers’ campaign to win a fairer price for milk.
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NewsAsda and Lidl increase pay to farmers after milk price protests
Asda and Lidl will increase the amount they pay dairy farmers for milk from next Wednesday after recent milk price protests.
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AnalysisNeed to know: Milk price protests
Dairy farmers marched on Westminster to protest over the grocers’ milk prices last week. Retail Week takes a look at the issue.
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NewsShopper cutbacks hit premium own brand growth
Shopper cutbacks have hit performance of premium grocery lines across the market have fallen.
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AnalysisThe Co-operative Food: Steve Murrells' to do list
Today is Steve Murrells’ first day as chief executive of The Co-operative’s food retail division. The former Tesco, Sainsbury’s and, most recently, Danish meat company Tulip executive has a number of key tasks from dealing with price perception to coping with increased competition. Retail Week takes a look.
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NewsCo-operative Food chief executive takes up role
The Co-operative Food’s new chief executive Steve Murrells takes up the role today.