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The co-op's decline is as bad as that of the independent sector. The co-op has withdrawn from sector after sector. They recently sold hundreds of c-stores without doing a deal to continue to supply these stores but now they want to get into wholesale to non-Co-op stores for the first time in their history. Where is the strategy? David Nice says it's down to Nisa and how they distribute. No, it isn't because Nisa won't exist. The idea that both are mutual Is a ridiculous argument. If Co-op group acquires Nisa current Nisa members will lose their vote. Your competitors like Scotmid, Lincolnshire, and various other co-ops will have their say and their vote but former Nisa members will not. There are already areas where there are competing co-ops. Similar logo, same own label range, same promotions, different card schemes, different pricing. How does a Nisa retailer in an area like that fit into the already confused situation?