Guernsey outperforming Jersey, says Co-op chief
Friday 3rd February 2012, 2:30PM GMT.
GUERNSEY is riding the recession more successfully than Jersey – and that success is being felt at the Channel Islands Co-op.
Its chief executive officer, Colin Macleod, is handily placed to comment on the consumer habits of both islands and he said that Guernsey appears to be doing better.
‘Our sales are more buoyant in Guernsey at present,’ said Mr Macleod, pictured, who is marking one year in the top job at the society.
‘GST in Jersey is a factor and competition there is more intense.
‘But times also seem harder in Jersey and there are a number of reasons for that. GST is eroding disposable incomes and Jersey has been very good at talking itself down – the messages have all been about public sector job cuts and other crises and some of that has rubbed off on the consumer.’
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Well they are expanding so well shops and units popping up all over the Island.
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With the addition of the Bailiffs Cross local store and garage opening during 2011, I would of expected that the Guernsey stores should of held overall sales figures last year. Even in this difficault climate.
The Co Op have been lucky so far,having some very loyal and local long term managers running the stores in Guernsey. But this seems to be slowly coming to an end and it will be interesting to see how during the next couple of years they deal with this factor and added competition that will be present in Guernsey.
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