Co-op profits tumble 16% in 'fiercely competitive food market' | News | Retail Week UAT

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Co-op profits tumble 16% in 'fiercely competitive food market'

By Nicola Harrison2012-08-23T08:00:00

The Co-operative Food’s underlying profit slump 16% to £119m in the six months to June 30 amid “fierce” competition in the food sector as well as the “unrelenting consumer downturn”.

The Co-operative Food’s underlying profit slumped 16% to £119m in the six months to June 30 amid “fierce” competition in the food sector and the “unrelenting consumer downturn”.