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Both main business lines of the cooperative group contributed to growth. Retail sales, which Coop includes sales in all supermarkets, specialty stores and online shops, remained stable at 19.9 billion Swiss francs. However, excluding fuel, Coop recorded a 1.0 percent increase in retail.
If you look only at Coop supermarkets (including online store Coop.ch), you see that net revenue is 11.8 billion francs. This is 2.4 percent above the previous year’s figure. According to the report, Coop achieved double-digit growth with its own brand, Prix Garantie.
It rose by 3.8 percent to 16.3 billion francs in wholesale and production, which includes the Transgourmet Group operating across Europe as well as meat processor Bell and Coop’s own production facilities. Transgourmet alone generated 11.4 billion in net revenue.
Coop will not report last year’s profit until mid-February. (SDA/smt)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
