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Co-operative Review 2009. Ben Reid, Chair, Co-operatives UK. Retail Spending & GDP. The Nationwide Building Society consumer confidence index rose by eight points to 50 in April, the largest single monthly rise for two years. Co-operative business leaders confidence survey.
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Co-operative Review 2009 Ben Reid, Chair, Co-operativesUK
The Nationwide Building Society consumer confidence index rose by eight points to 50 in April, the largest single monthly rise for two years
Co-operative business leadersconfidence survey • First time a survey of this type carried out amongst business leaders in the Co-operative sector • Survey carried out in first two weeks of June 2009 • Sent to the Chief Officers of the Co-operative UK100 • Survey results based on 40 responses
How do you view business prospects for UK businesses generally in the UK market over the coming 12 months?
For how long do you expect the current economic conditions to have a negative impact on UK business
What aspects of the business strategy have changed as a result of the credit crunch
Key Question Can we take advantage of the opportunities the credit crunch will inevitably create?
Are co-operatives are better placed to respond to the downturn in the economy because they take a long term view of the development of their business?
Are co-operatives are better placed to respond to the downturn in the economy because they serve the economic interests of their members and do not have to make returns to shareholders?
Does the current economic downturn represent an opportunity for co-operatives to emphasise their co-operative difference and advantage, their values and principles in their marketing material
There is now an opportunity for both co-operatives and mutuals to work together to promote the co-operative and mutual model of business
2006: £26 868 000 000 2007: £27 434 000 000 2008: £28 905 000 000 2006: £797 000 000 2007: £539 000 000 2008: £539 800 000 2006: £8 480 000 000 2007: £9 213 000 000 2008: £9 708 000 000 2006: 4 375 2006: 10 991 000 2007: 4 735 2007: 10 809 000 2008: 4 820 2008: 11 300 000 The Co-operative Economy 2006 - 2008 Number of Co-operatives & Community Mutuals Members Turnover Profit before tax Net assets
Market Share – ACNielson (16 May 2009) The Big ‘Five’
1998: £8 400 000 000 1998: £98 000 000 1.3% sales 1998: £62 000 000 0.8 %sales 2008: £12 970 000 000 2008: £541 000 000 4.4% sales 2008: £506 000 000 4.1% sales 2008: 7.1% Consumer Co-operative Performance 1998 & 2008 Turnover Trading Profit Net Profit Return on Capital Employed - % 1998: Not available
Food – Total Turnover - £’bnJanuary – December 2008 07 08 +6.3% 07 08 -4.9% 07 08 +5.5% 07 08 +8.2% Source: Information Exchange
Food – like for like Turnover - £’bnJanuary – December 2008 07 08 +5.0% 07 08 -2.1% 07 08 +3.7% 07 08 +7.0% Source: Information Exchange
Food – Total Turnover - £’bnJanuary – March 2009 07 08 +9.3% 07 08 -3.1% 07 08 +0.5% 07 08 +18.6% Source: Information Exchange
Food – like for like Turnover - £’bnJanuary – March 2009 07 08 +5.0% 07 08 -2.1% 07 08 +3.7% 07 08 +7.0% Source: Information Exchange
Institute of Grocery Distributors 2008 – Convenience Stores Turnover
Travel • Overall Summer ’09 Paxnos market down 14% • CTTG down Paxnos 5% • Overall Summer ’09 Sales Market down 8% • CTTG Summer ’09 Sales up 2% • Average Selling Price Increase £48
Investing in a New Brand A brand that: • Says what we are • Reflects our values • Says what makes us different • Underlines the advantages of our business model