Loading AI tools
Northern Co-operative Society Limited (abbreviated to Norco), previously named Northern Co-operative Company Limited, was a local consumer co-operative trading in Aberdeen, Scotland, from 1861 to 1993.[1][2] It operated supermarkets and other businesses throughout Aberdeenshire, and employed 2000 people in 1992.
Aberdeen is Scotland's 3rd largest city
It was put into the hands of a receiver for liquidation in 1993, as a result of financial difficulties that The Guardian newspaper attributed to "an over-ambitious building and development programme" and failed attempts to dispose of the entire business as a going concern, despite the successful sale of its dairy, five pharmacies, and then several supermarkets to Argyll Stores and the Co-operative Wholesale Society (CWS).[1][2]
Norco was formed in 1861 as Northern Co-operative Company, by two committees of Aberdeen residents who planned to follow the example of the Rochdale Equitable Pioneers Society.[1] The first shop was a grocery business at 51 Gallowgate, opened in July that year.[1] The original company had a fixed capital of £1000, but in 1917, it converted into Northern Co-operative Society.[1]
The Society's headquarters were in a large building on Loch Street, which contained the company's offices as well as an arcade-style shopping area. It was described in 2000 as "like Convent Garden (sic) – a delightful, quaint area at the centre of the city where people could stroll" by Connie Leith, head of the Ferryhill Heritage Society.[6]
Norco House, a large department store which replaced the Loch Street building, was opened in George Street in 1970, less than 100 feet from the original building.[1] The trading name of Norco was soon adopted by the entire co-operative.[1] The "space-age" four storey Norco House department store was later bought, refurbished and operated by the John Lewis employee-owned chain.[6] The old Loch Street building remained empty and slowly deteriorated until its eventual demolition in 1986.
In 1977, Norco opened a 54,000 square feet (5,000 m2) flagship superstore in the Berryden district of Aberdeen.[1][3][7] The Berryden store was sold to the Scottish Co-op in 1993 immediately before the receivership, and operated by that co-operative for seven years.[1][7][8]
In April 1992, Norco declared a loss of £7 million, and the chief executive, Robin Pollock, resigned.[1][7] Emergency measures included a massive sell-off of businesses, and a pay freeze.[1] Kennerty Dairies (since bought by Robert Wiseman Dairies) bought Norco's Berryden dairy, and Argyll Group bought supermarkets in Banchory, Elgin, Ellon and Westhill.[7] Finally, in 1993, Norco approached Scottish Co-op with a view to a rescue merger, but the latter organization declined the request.[1][2]
Norco was previously noted as the only large consumer co-operative in the UK not to be a member of the Scottish or English Co-operative Wholesale Societies.
It employed 2000 people in 1992, when the financial problems became apparent, and on going into receivership in June 1993, it had 800 employees.[2]
Its trading area included the Aberdeenshire and Moray towns of Banchory, Elgin, Ellon, Kemnay, Inverurie, Port Elphinstone and Westhill.[1][7] At its peak it had branches and departments throughout the city of Aberdeen.[1] Since the demise of Norco, the tradition of consumer co-operation in Aberdeenshire has been continued or revived by three southern organizations: Scotmid Co-operative, Lothian, Borders & Angus Co-operative and Scottish Co-op (a retail division of CWS, now the Co-operative Group.)
Wikiwand in your browser!
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
