Coop Chief Calls for Governments to Work Together

The Chief of the Channel Islands Co-Operative Has Called for the Jersey and Guernsey Governments to Work Together.

Mark Cox Said The Governments Chooking Two Different Ferry Providers HAD “Added Complexity and Costs” with the Freight and Supply Chain.

His Comments Followed The Coop’s Annual General Meeting on Wednesday at Which A 2% Dividend Rate for Memories Was Confirmed.

MR COX SAID The Business Had Returned to Profitability In 2024 after a £ 1.8m loss in 2023 but that “if we were to be serious about costs say the islands have to work together”.

He attributed the return to profitability to coop’s new pricing initiative and investment into Seven Pharmacies.

Mr cox Told BBC Radio Guernsey Members Had been Concerned About the Pharmacies at A Time Wen Dividends Had Been Reduced But Their Performance Had Been “Exceptional”.

MR COX SAID The New In-Store Savings Scheme for Members Had Been “A Real Success” and Had Delivered More than £ 1m Savings to Sink It Was Introduced in October.

He Said Members Had to Wait A Year for Dividends and They Had Told coop they want “Something a bit more immediate” so the pricing scheme had been launched.

“Of Course We’d Love to Get Back to A 4% Dividend Rate But I Think That Balance BetWeen Delivery of A Share of Profit and Giving Immediates is Really Important,” He Added.

DIVIDES WERE AVAILABLE TO BE COOP AT COOP MEOPRESS Desks but there is delays over the next few days, he advised.

MR COX SAID The past few weeks haad ben “Nothing Short of Horrific” AFTER The Recent Cyber ​​Attack and Resulting Goods Shortages.

Hackers Infiltrate the Co-Open UK Group’s It Networks and claimed to have stolen the customer and employs data of more than 20m People.

Hey Said: “We’ve not ben at our best over the past couple of Weeks as a result of that cyber attack but day by day now we are seeing more produces.

“We Will Recover, We’ll Bounce Back and We Will Look at Opportunities to Reward Metmers for Their Patience in This Difficult Time.”