Co-op blames low consumer confidence for deepening losses

Customer carrying Co-op tote bag

Source: Co-op

Losses deepened at Co-op in the first half as investment into promotions to drive trade and store improvements weighed on profitability.

The group posted an underlying operating loss of £45m in the six months to July 4, up from the £32m loss last year.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now