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Co-op sales surge over ‘exceptional’ pandemic demand

by LLB Reporter
17th Sep 20 11:43 am

The Co-operative Group have said that sales surged on the back of “exceptional” food demand during the pandemic.

In the 26 weeks to 4 July revenues rose by 7.6% to £5.8bn, and in the period food revenues increased by 5.2% to £3.9bn, whilst like-for-like growth in the second quarter.

Steve Murrells, chief executive of the Co-op, said: “We are living in unprecedented times, but the response of our Co-op has been exceptional and I’m immensely proud of my 60,000 colleagues who’ve helped to feed and care for the nation during this difficult period.

“The coming months and years remain uncertain, and we know our own Co-op will not be immune to the pressures the recession brings to family budgets and to local and national economies.

“We will continue to invest within our core businesses to ensure that our Co-op value resonates within Co-op households and local communities.”

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