Consumer and Food
The largest and most recognised part of the UK movement are the many consumers' co-operatives. They are co-operative businesses run for the benefit of their customer members. Of these co-operatives, the largest sector is food retailing, though they have a significant presence in other sectors such as travel agencies and funeral directors. The late 20th and early 21st centuries have seen a gradual exit by these businesses from the non-food retailing market.
Many co-operatives (by convention known as co-operative societies) started out in a single village, town or city usually with just a single store. Here, members would be customers of the society's trading location and the society would reward these members with a proportion of any profits based on that member's spending with the society, or a dividend. This is a fundamental difference between a co-operative and a joint stock company. Most societies were small, and by 1900, there were 1,439 co-operatives covering virtually every area of the UK. Gradually, societies expanded and opened further stores or they would merge with a neighbouring society. Today, there is one dominant, national society, The Co-operative Group, a family of businesses led by its principles and owned by its members, with over three million members and 4,500 trading outlets. The family of businesses comprise food, travel, banking, insurance, pharmacy, funeral, legal services, investments, online shop, electrical and beds. Membership is open to everyone as long as they share The Co-operative’s values and principles. Every year members receive a share of the profits that they helped to create, based on the amount made in profits that year and the how much they had spent with any of its businesses.
The Co-operative Group is complemented by a number of large regional societies such as Midlands Co-op, the Midcounties Co-operative and Scotmid. However, many societies have remained with a single store such as Shepley Co-op, Coniston Co-op and Allendale Co-op.
The decline, through mergers, of single shop co-operatives, was reversed by two trends. Firstly, around 170 community owned shops were established since 1979, many of which are co-operatives. Secondly, the United States food co-operative movement was replicated in the UK: some of the independent food co-operatives established in the late 20th and early 21st centuries operate shops.
Read more about this topic: British Co-operative Movement
Famous quotes containing the words consumer and/or food:
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