DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Unicoop Firenze Records Sales Of €2.6bn In 2022

By Branislav Pekic
Share this article
Unicoop Firenze Records Sales Of €2.6bn In 2022

Italian regional cooperative and supermarket operator Unicoop Firenze reported sales worth €2.61 billion in its financial year 2022, registering an increase of 8.6% compared to 2021.

Sales volumes grew by 2.1% in the same period despite inflation and a decline in consumption as shoppers grappled with cost-of-living pressure.

Unicoop Firenze described the results as ‘encouraging’ in view of the current macro-economic environment with many elements of uncertainty.

The Italian regional cooperative Unicoop Firenze reported gross retail sales of €2.4 billion in 2021, representing 1.3% growth on the previous year.

Revenue increased 1.6% year-on-year to €2.52 billion, while net profit totalled over €25 million, or €17 million after taxes.

ADVERTISEMENT

Cost-of-Living Pressure

In order to help consumers cope with increase in the cost of living, Unicoop Firenze implemented several initiatives in December 2022 and lasting through 8 January 2023.

These included a total price freeze, €5 shopping vouchers and 30% discount on all Fior Fiore private-label products.

Although the total prize freeze ended on 8 January, Unicoop Firenze has rolled out new initiatives in favour of convenience and defence of purchasing power.

Until Easter, prices will be blocked on 700 products with a basket that includes branded, private-label and fresh products.

ADVERTISEMENT

In addition, during January and February, with the ‘Giorni più buoni’ initiative consumers will be offered a €5 voucher for every €15 spent on branded products, up to a maximum of two vouchers per shopping cart.

Elsewhere, Italian retail cooperative and purchasing group D.IT - Distribuzione Italiana closed its financial year 2022 with a 3% increase in turnover, which it says exceeded initial forecasts.

© 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.

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.