Co-op News (August 2019)
What is co-operative culture - and why does it matter? This issue looks at how co-op values intersect with the values in organisations, across movements and between countries. Plus 100 years of the Channel Islands Co-operative – and how the new Coop Exchange app is tackling the capital conundrum.
What is co-operative culture - and why does it matter? This issue looks at how co-op values intersect with the values in organisations, across movements and between countries. Plus 100 years of the Channel Islands Co-operative – and how the new Coop Exchange app is tackling the capital conundrum.
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CHANNEL ISLANDS<br />
CO-OP CELEBRATES<br />
By Anca Voinea<br />
This year marks a milestone anniversary for the<br />
Channel Islands <strong>Co</strong>-<strong>op</strong>erative, whose story began<br />
with the <strong>op</strong>ening of a small St Helier corner sh<strong>op</strong><br />
in June 1919.<br />
Now one of the largest retailers in Jersey<br />
and Guernsey, the co-<strong>op</strong> traces its roots to the<br />
establishment of the Jersey <strong>Co</strong>-<strong>op</strong>erative Society,<br />
which <strong>op</strong>ened its first store at 41 New Street on<br />
30 June 1919, selling confectionery and bakery<br />
products. Two years later the society <strong>op</strong>ened<br />
another store at 24 Charing Cross.<br />
The Jersey co-<strong>op</strong> carried on expanding the<br />
business and acquiring new buildings until the<br />
start of World War II, when the territory fell under<br />
German occupation.<br />
The Channel Islands were the only part of the<br />
British Isles to be occupied by the Nazis during the<br />
war. The Jersey co-<strong>op</strong>erative was able to survive<br />
the challenges faced during this period – and came<br />
out of the war strong enough to enable payment of<br />
a dividend of 5p and a bonus of 1p. After the war,<br />
the Guernsey Society was established in 1947, with<br />
its first sh<strong>op</strong> at No. 2 Market Street.<br />
At the time, both the Jersey and the Guernsey<br />
societies were supported by a CWS supervisory<br />
committee, which meant they were subject to<br />
UK taxation. They decided to merge in 1955 and<br />
registered an office in Jersey. The new Channel<br />
Islands <strong>Co</strong>-<strong>op</strong>erative Society was no longer subject<br />
to UK taxation.<br />
Following the merger, the society continued<br />
to expand and venture into new sectors. Today it<br />
spans a range of businesses, running food stores,<br />
funeral homes, pharmacies, and healthcare<br />
centres. It boasts 125,000 members, the equivalent<br />
of 76% of the total p<strong>op</strong>ulation of the islands,<br />
to whom it returned a total of £7.97m in <strong>2019</strong>.<br />
To celebrate its milestone anniversary, the co-<strong>op</strong><br />
carried out a number of activities and promotions<br />
bringing together suppliers, customers and the<br />
local community to showcase how it has been<br />
making a difference over the past 100 years.<br />
“It’s important to look back at where we’ve<br />
come from,” says Carl Winn, head of marketing,<br />
membership and travel.<br />
“Many companies now have CSR policies but<br />
this has been the backbone of the co-<strong>op</strong>erative<br />
model and what we’ve been doing for 100 years ...<br />
We are at the heart of the community and we will<br />
continue to be so.”