Coop rings up strong results

Switzerland's second-largest retailer Coop has announced the best results in its history, with net profit in 2008 up 11.4 per cent and turnover up 16 per cent.

This content was published on February 17, 2009 minutes

The group reported a profit of SFr390 million ($331 million) and sales of SFr19.2 billion, increasing its network of outlets to 1,885.

Coop's market share increased 1.5 percentage points to 17.2 per cent, partly boosted by taking over 12 stores previously owned by French hypermarket chain Carrefour. Its share of the food market reached 21.9 per cent.

"We've started the year 2009 well," head of the group Hansueli Loosli said at the presentation of the results near Basel on Tuesday. Turnover by mid-February was already seven per cent up on the previous year.

The Swiss chain employed 53,880 people at the end of 2008, almost 12 per cent more than in 2007.

Articles in this story

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?