OvertheCounter
    Twitter LinkedIn
    • Email Newsletters
    • Magazine Subscriptions
    • About Us
    • Advertise
    • Contact Us
    Twitter LinkedIn
    CPD Log-In
    OvertheCounter
    • News
      • Dairy / Beef
      • Sheep
      • Pigs / Poultry
      • Equine
      • Companion
      • Retail
      • Training
    • Magazines
      1. March 2023
      2. January 2023
      3. November 2022
      4. National SQP Awards Supplement 2022
      5. September 2022
      6. July 2022
      Featured

      Over the Counter – January 2023

      By Simon KingJanuary 9, 2023
      Recent

      Over the Counter – March 2023

      March 20, 2023

      Over the Counter – January 2023

      January 9, 2023

      Over the Counter – November 2022

      November 9, 2022
    • CPD Training
      • AMTRA CPD Modules
        • Frontline Academy
        • Companion Animal CPD Modules
        • Equine CPD modules
        • Livestock CPD Modules
        • Poultry CPD Modules
        • Are you a Gold Standard SQP?
      • VETPOL CPD Modules
        • Companion Animal CPD Modules
        • Livestock CPD Modules
        • Poultry CPD Modules
      • Earning CPD points with overthecounter.news
      • CPD Log-In
    • National SQP Awards
    OvertheCounter
    Retail

    Countrywide Farmers may sell retail stores

    Carolyn HendersonBy Carolyn HendersonApril 21, 2017No Comments2 Mins Read
    LinkedIn Twitter Facebook Email

    Countrywide Farmers plc has revealed that it has appointed advisors “to explore a potential sale” of its retail business, comprising 53 country stores. It confirmed the closure of 14 stores in February, but  says it does not anticipate that the Rural Energy – LPG or Turf and Amenity businesses will be affected.

    In releasing its final results for the year ending 30 November 2016, the company reports “a loss after tax from continuing operations for the period of £(9.9)m (2015: £(8.2)m) following disappointing trading performance and continued investment through what has been a period of considerable change and transition, including the full rollout of the Microsoft Dynamics AX ERP system across the business.” It closed 14 retail stores in February.

    A statement on the company blog says: “It is clear to the Board that the retail environment remains challenging and that to compete effectively for the long-term will require further rationalisation of the cost base along with potential further investment.”

    It says that trading performance in the new financial year continues in line with expectations. “Rural Energy has seen a strong start with volumes ahead of prior year, as it continues to pursue its growth strategy. Similarly, Turf and Amenity has also made an encouraging start to the year. Retail continues to see improvement in like-for-like performance and on-shelf availability after facing serious issues through the latter part of last year.”

    The company says it “has agreed funding facilities that support the requirements of the entire company for the foreseeable future.”

     

    Share. LinkedIn Facebook Twitter Email
    Previous ArticleFree range egg producers criticise RSPCA
    Next Article Moredun heads appliance of science at Sheep Vet Congress

    Read Similar Stories

    Jollyes to open new Port Glasgow store this week

    Jollyes opens its first store in Cambridgeshire

    Jollyes issues warning against buying rabbits ahead of the Year of the Rabbit

    Most Read

    Annual Pet Survey shows 50% rise in small pets plus cost-of-living impact on pet owners 

    March 23, 2023

    AMTRA appoints its first deputy chief executive

    March 21, 2023

    Over the Counter – March 2023

    March 20, 2023

    Any animal medicine advertising or promotion should conform to the ‘code of practice’ of the National Office of Animal Health (NOAH).
    For full details contact the publisher or www.noah.co.uk.

    Lewis Business Media Ltd endeavours to make articles and statements as accurate as possible.

    © 2023 Lewis Business Media. All Rights Reserved.
    Lewis Business Media, Suite A, Arun House, Office Village, River Way, Uckfield, TN22 1SL

    Privacy Policy | Cookie Policy | Terms & Conditions

    The OTC "tick" mechanism is the copyright of Lewis Business Media Ltd ©2022

    • Pet Business World
    • Pest
    • Pig World
    • Poultry News

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    SAVE & ACCEPT
    Powered by CookieYes Logo

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.