UK’s The Co-operative Sees Total Revenue Up 14% To £10.2bn

By Steve Wynne-Jones
Share this article
UK’s The Co-operative Sees Total Revenue Up 14% To £10.2bn

UK retailer The Co-Operative has posted a 14% increase in total revenue in full-year 2018 to £10.2 billion (€11.9 billion), driven by its acquisition of Nisa and a strong performance from its Food business.

Like-for-like revenues in its Food arm grew by 4.4%, the retailer said, with the group now posting five consecutive years of like-for-like revenue growth.

Last year, The Co-operative invested some £414 million in capital expenditure, of which £326 million was invested in food; in ‘new stores, refits and new infrastructure’, the group said.

Some 100 new stores were opened, while 138 existing stores were refurbished.

GCA Report

Following a recent report by the Groceries Code Adjudicator, into historical supply practices at the group, it said that it has ‘instigated major changes to supplier governance and processes and introduced a new supplier charter’.


“Over the past year we have continued to successfully transform the Co-op, leading to a 14% increase in revenues to £10.2 billion and the return of £60 million directly to our members and £19 million to over 4,000 community projects across the UK,” said Steve Murrells, chief executive.

“The acquisition and integration of the Nisa wholesale business has been a game changer in expanding our food footprint.”

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.