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The Co-op Needs To Tread Carefully In A Competitive Marketplace: Analyst

Published on Apr 6 2018 2:59 PM in Retail tagged: Trending Posts / UK / The Co-operative / Nisa Retail / Paywall

The Co-op Needs To Tread Carefully In A Competitive Marketplace: Analyst

UK retailer The Co-operative needs to ensure it doesn't overstretch itself in an increasingly competitive environment, a leading analyst has warned.

Commenting on the group's full-year performance, in which the business posted a pre-tax profit for the year of £72 million, Thomas Brereton, retail analyst at GlobalData said that while the retailer should be pleased with its performance, the market conditions mean that it cannot rest on its laurels.

"The retailer’s £7.1 billion food division – which accounts for three-quarters of the Group’s activity – showed slight negative growth despite a 3.4% hike in like-for-like sales," he said. "This was largely a result of the division’s ongoing store strategy, closing larger stores to focus on consumer convenience."

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