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.

The Coop Group opened 99 stores in 2010, bringing the total number of outlets to 1,914 at the end of the year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Coop was yesterday given permission by the EU to assume full ownership of Germany-based food wholesaler TransGourmet.