Co-op sales pass 8bn, but profits slump

26 May 1998

Co-op sales pass £8bn, but profits slump

NATIONAL Co-op reaffirmed its position as one of the UKs largest retailers, with annual sales exceeding £8 billion for the first time.

The Co-ops sales rose about 3% to £8.2bn last year, up from £7.9bn previously.

But trading profits fell from £135m to £118m. It is the fourth consecutive year profits have dropped.

• The Scotsman 26/05/98 page 24
• The Times 26/05/98 page 45
• The Guardian 26/05/98 page 18
• The Daily Telegraph 26/05/98 page 27