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Retail

Slow Hypermarket Sales Drag Down Italian Retailer Coop Alleanza 3.0

Italian regional cooperative and retailer Coop Alleanza 3.0 closed 2018 with losses of €289 million, a significant increase on the €37 million loss the retailer posted a year earlier.

The result was impacted mostly by the negative performance of the group’s hypermarkets, which account for more than 50% of sales.

In the same period, revenues totalled €4.8 billion, in line with the previous year.

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