The Co-op profits fall as it announces partnership with Amazon

Co-op home delivery Jan 2020

The Co-op has registered a dip in profits as it “invests in its business and colleagues” including a new partnership with Amazon on grocery delivery.

The grocer reported an underlying operating loss before tax of £15m, down £71m on 2020 against the strong comparables of the first lockdown, but said it was in line with the previous year when profits slumped £11m.

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