Italian retail cooperative Codè Crai Ovest has ended 2022 with a turnover of €320 million – compared to €310 million a year earlier – and the group is targeting an expansion of its store portfolio.
The forecast for 2023 is for further growth, including sales of €340 million and the opening of 45 new stores, mainly in the Lombardy and Liguria regions.
The new openings are part of the company’s three-year development plan, which has earmarked an investment of more than €10 million per year.
Read More: Codè Crai Ovest Implements App In Fight Against Food Waste
To cope with a general increase in costs, the cooperative is seeking to streamline its energy consumption (-20% by the end of 2023), thanks to the installation of new photovoltaic and heating systems at its Leinì headquarters, near Turin.
There are also plans to renovate several outlets in Piedmont, Liguria, Lombardy and Valle d’Aosta, to make them more sustainable, and to renew refrigeration systems, which alone will facilitate energy savings of almost 50%.
Several environmental sustainability initiatives have already been rolled out, such as measures to reduce plastic, the introduction of recycled plastic trolleys, and the installation of eco-compactors for bottles.
Elsewhere, commercial director Antonio Muggianu has been tasked with a number of activities – such as repositioning prices, enhancing local production, and increasing customer services – to make Crai supermarkets even more attractive and competitive.
The group has also introduced two mobile apps that enable customers to save money and combat food waste: Last Minute Sotto Casa and Too Good To Go.
© 2023 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: European Supermarket Magazine.