New Directors appointed as Co-op reports £180m turnover

Monday 23 May 2022

The Co-op has reported an annual turnover of £181.6m in 2021, with members’ receiving a share of £7.6m.

The latter figure comprises £5.5m dividend plus £2.1m in interest generated on A and B Share accounts.

The figures were shared at the society’s Annual Meeting of Members (AMM) during which two Directors were appointed to its Board: Living Wage campaign leader Jennifer Bridge in Jersey, who won the Member vote, and Jill Clark in Guernsey, who was elected unopposed.

Pictured: Jennifer Bridge was appointed as a Director at the AMM.

Elsewhere during the AMM, it was also confirmed that the Co-op had spent £9.9m with 58 local suppliers and supported 189 projects across the Channel Islands, with £312,000 donated to charities, including £50,000 from the new Community Fund.

The retailer also noted that it now had 1,118 staff, and that 94% of those surveyed had said they were happy to work for the Society.

“Community really is at the heart of what we do. It is what drives our vision to make a real difference every day in our islands and will continue to do so for as long as we serve our islands.”