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