date:Apr 22, 2014
retailer, the company experienced problems with systems and procedures following the acquisition.
The Somerfield acquisition brought with it a lot of larger stores that don't work so well, said Pennycook.
60% of the Somerfield acquisition will be divested.
The interim chief executives comments followed the reporting of the Co-op's disappointing full-year results.
While the Co-op plans to sell off larger stores, it says it will also open more convenience stores over the next year.
We expect