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Central England Co-op reports increase in first half sales

Central England Co-op increased its sales by £7.7 million to £484.6 million in the first half of 2019. Trading profit came in at £11.4 million. The… View Article

FOOD & DRINK

Central England Co-op reports increase in first half sales

Central England Co-op increased its sales by £7.7 million to £484.6 million in the first half of 2019.

Trading profit came in at £11.4 million.

The retailer attributed the sales uplift to the opening of new stores and an expanded travel shop network.

During the half year, Central England Co-op launched four new food stores and one funeral booking office.

Central England Co-op chief executive Debbie Robinson (pictured) said: “In a challenging market, our gross sales increased and trading profit is in line with budget, reflecting a steady performance for the society in the face of a highly competitive retail environment and uncertain economic backdrop. In difficult times, I believe our co-operative difference will set us apart and see us thrive while others may flounder.”

The society said the introduction of a range of new security measures in its food stores has led to the number of burglaries and robberies dropping by 6% and 30% respectively.

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