Coop announces increase in profit

The retail group Coop has announced an increase in profits Keystone Archive

The Swiss retail group, Coop, has reported that its sales rose by 4.3 per cent to SFr13.6 billion ($8.21 billion) in 2001.

This content was published on April 23, 2002 - 12:43

From its headquarters in Basel the company announced on Tuesday that its annual profit reached SFr302 million in 2001.

In its retail business, the Coop group has also increased its market share by 0.6 per cent to 14.6 per cent.

Sales of the group's organic products under the labels Naturaplan, Naturaline, Oecopland and Max Havelaar have continued to increase. After having topped the SFr1 billion mark earlier this year, the company now has reported a 36.5 per cent rise compared with the previous year.

During 2001, 13 Coop outlets were closed, bringing the overall number of shops down to 1,597.


At the beginning of this year, Switzerland's largest retail group, Migros, reported that sales had exceeded the SFr20 billion mark in 2001, two years earlier than the target date.

The Zurich-based company said that although its businesses had felt the effects of the economic slowdown, its group cooperatives had performed well.

EPA deal

Last week Coop and the EPA retail chain decided to join forces, forming Switzerland's second largest chain of department stores.

Under the new deal, Coop and EPA will jointly operate more than 70 department stores and restaurants across Switzerland, however, the stores will retain their respective names.

swissinfo with agencies

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

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?