Swiss retailer Coop has booked an increase in full-year revenue as the demand for its organic products rose in 2010.
In the 12-month period, total sales climbed by 1.8% to CHF20bn (US$21bn). Retail sales rose by 2.1% to CHF18.6bn, despite the “weakening of consumer sentiment” in the second half of the year.
Organic sales were “above average”, the retailer said. The firm’s Natura Plan brand recorded revenue growth of 4%.
Sales to other retailers generated by Coop’s manufacturing division, including Bell Group, Halba and Pasta Gala however, fell by 2.4% to CHF1.4bn.
The sales, mainly made to retailers outside Switzerland, including German retailer Rewe, dropped due to the weak Euro and the conversion losses in Swiss francs.
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The Coop Group opened 99 stores in 2010, bringing the total number of outlets to 1,914 at the end of the year.
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