In the year ending 13 January 2019, Channel Islands Co-op recorded sales of £183.6m (£174.5m 2017/18) and a profit after tax of £940k (£745k 2017/18). The Society was able to pay its members a 4% dividend (4% 2017/18) as a share of profits, with the total reported member benefits amounting to £7.97m, inclusive of Dividend, Dividend stamps, travel vouchers and share interest. The Society had a £5.8m (£6.8m 2017/18) pension deficit. Society membership was 128,350 in 2019, slightly up on the 126,751 figure in 2018.[2]
Jersey Co-operative Society store on Charing Cross, St Helier in 1919.
The Jersey Co-operative Society was formed in 1919 and the Guernsey Co-operative Society followed in 1947. Both predecessors were supported by a CWS supervisory committee, which meant their accounts were liable to UK taxation. Growing objection to this persuaded the CWS to propose a merger which led to the incorporation of the Channel Islands' Society in 1955.[3]
In August 2013, it was announced that the company's two Channel Island Homemaker warehouses would be closed, and replaced with a single warehouse in the UK.[4]
Activitiesedit
The Grand Marché, a CICS supermarket in Saint Helier, Jersey.
The society operates twelve grocery stores in Jersey and ten in Guernsey, the largest of which are called Grand Marche, the stores with a petrol forecourt trade as En Route and the convenience stores trading as Locale, all of which charge the same retail prices. In addition the society operates Travelmaker, funeral care, member services through its post office network, 'Pharmacy Locale and Medical Care businesses. Membership is open to all residents of the Channel Islands when they open a share account for £1, with members receiving a share of the profits in the form of dividends.
^Annual Reports | Channel Islands Co-operative, from the original on 3 November 2019, retrieved 3 November 2019
^Annual Reports | Channel Islands Co-operative, from the original on 3 November 2019, retrieved 3 November 2019
^. Ci-cooperative.com. Archived from the original on 20 September 2012. Retrieved 11 October 2012.
^"BBC News - Channel Island Co-op closes two warehouses for UK site". BBC News. 20 August 2013. from the original on 2 April 2019. Retrieved 22 August 2013.
channel, islands, operative, society, channel, islands, operative, society, long, established, consumer, operative, with, stores, channel, islands, head, office, located, saint, helier, jersey, channel, islands, operative, society, limitedcompany, typeconsumer. The Channel Islands Co operative Society is a long established consumer co operative with stores in the Channel Islands Its head office is located in Saint Helier in Jersey The Channel Islands Co operative Society LimitedCompany typeConsumer cooperativeIndustryRetailFounded1919HeadquartersSt Helier JerseyKey peopleMark Cox CEO ProductsGrocery Fuel Homeware Travel Property Funeralcare Medical Services PharmacyRevenue 183 6 million 18 19 1 Operating income 8 796m 18 19 Net income 940k 18 19 Number of employees1 146 18 19 Websitewww channelislands coop In the year ending 13 January 2019 Channel Islands Co op recorded sales of 183 6m 174 5m 2017 18 and a profit after tax of 940k 745k 2017 18 The Society was able to pay its members a 4 dividend 4 2017 18 as a share of profits with the total reported member benefits amounting to 7 97m inclusive of Dividend Dividend stamps travel vouchers and share interest The Society had a 5 8m 6 8m 2017 18 pension deficit Society membership was 128 350 in 2019 slightly up on the 126 751 figure in 2018 2 Contents 1 History 2 Activities 3 See also 4 References 5 External linksHistory editSee also History of the cooperative movement nbsp Jersey Co operative Society store on Charing Cross St Helier in 1919 The Jersey Co operative Society was formed in 1919 and the Guernsey Co operative Society followed in 1947 Both predecessors were supported by a CWS supervisory committee which meant their accounts were liable to UK taxation Growing objection to this persuaded the CWS to propose a merger which led to the incorporation of the Channel Islands Society in 1955 3 In August 2013 it was announced that the company s two Channel Island Homemaker warehouses would be closed and replaced with a single warehouse in the UK 4 Activities edit nbsp The Grand Marche a CICS supermarket in Saint Helier Jersey The society operates twelve grocery stores in Jersey and ten in Guernsey the largest of which are called Grand Marche the stores with a petrol forecourt trade as En Route and the convenience stores trading as Locale all of which charge the same retail prices In addition the society operates Travelmaker funeral care member services through its post office network Pharmacy Locale and Medical Care businesses Membership is open to all residents of the Channel Islands when they open a share account for 1 with members receiving a share of the profits in the form of dividends The Channel Islands Co operative Society is a UK registered industrial and provident society 5 a member of the Co operative Union in the United Kingdom the Co operative Retail Trading Group the Co operative Travel Trading Group and a corporate member of The Co operative Group formerly Co operative Wholesale Society the largest consumer co operative in the world See also editBritish co operative movement Credit unions in the United KingdomReferences edit Annual Reports Channel Islands Co operative archived from the original on 3 November 2019 retrieved 3 November 2019 Annual Reports Channel Islands Co operative archived from the original on 3 November 2019 retrieved 3 November 2019 Society History Ci cooperative com Archived from the original on 20 September 2012 Retrieved 11 October 2012 BBC News Channel Island Co op closes two warehouses for UK site BBC News 20 August 2013 Archived from the original on 2 April 2019 Retrieved 22 August 2013 Registered in England and Wales under the Companies Act 1985 No 14672RExternal links editThe Channel Islands Co operative Society Retrieved from https en wikipedia org w index php title Channel Islands Co operative Society amp oldid 1171735549, wikipedia, wiki, book, books, library,
