UK retailer The Co-Operative has posted a 14% increase in total revenue in full-year 2018 to £10.2 billion (€11.9 billion), driven by its acquisition of Nisa and a strong performance from its Food business.
Like-for-like revenues in its Food arm grew by 4.4%, the retailer said, with the group now posting five consecutive years of like-for-like revenue growth.
Last year, The Co-operative invested some £414 million in capital expenditure, of which £326 million was invested in food; in ‘new stores, refits and new infrastructure’, the group said. Some 100 new stores were opened, while 138 existing stores were refurbished.
