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Corporate Responsibility
…n 176 (2015/16 – 178) members attended the Annual General Meetings on 25 and 26 April 2016 and 165 (2015/16 – 151) members attended the Ordinary General Meetings on 3 and 10 October 2016. Members meetings in the North continue to rotate to provide a greater opportunity for members to participate in meetings. Staff and Member Training This year around 24,500 hours (2015/16 – 27,000) of formal staff training took place, an average of 5.7…
Annual Results 2013
…d Scotmid Co-operative delivered a £6m operating profit (for the year ended 26thJanuary, 2013) following a good second half performance buoyed by strong trading over the Christmas period. In what is still an extremely challenging market there was a small increase in total turnover to £428m and positive underlying profits from trading businesses which benefited from a range of business improvement initiatives, support from our loyal customer base a…
Continuous Improvement Drives Positive Scotmid Results
…es Scotmid Co-operative delivered a £5.3m trading profit for the year ended 28 January 2019; up £0.5m on the equivalent period last year. This positive result, driven by strong sales figures from Scotmid’s food convenience business during the summer, was achieved in a period when the Society again faced into significant external cost increases plus the added uncertainty surrounding Brexit. The society, which is scheduled to celebrate its 160-year…
Stronger Second Half Moves Scotmid Ahead
…r reduce but we recorded a notable strengthening of our balance sheet with net assets now in excess of £91m. “In the year ending January 2016, the Scottish Retail Consortium reported average like for like sales down 2.4% reflecting factors such as low consumer confidence, price deflation and poor summer weather. The Society’s retail businesses consistently out-performed the market in 2015 with successful implementation of our new Semichem strategy…
Co-operative approach lifts Scotmid results during the pandemic
…January 2021 Turnover increased by £24m to £409m Strong balance sheet with net assets of £103m Innovation benefit but significant additional COVID 19 costs Colleagues supported our communities magnificently throughout the crisis Co-operative response with community groups and charities Through co-operation and innovation, Scotmid Co-op Society has delivered a £6.4m trading profit for the 53 weeks ended 30th January 2021 compared to £5.6m fo…
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