Turnover and profit up at Co-op as lockdown drives shoppers to look local
Co-op felt the benefit of consumers staying at home and shopping for groceries locally during lockdown, with significant gains in its food and wholesale distribution businesses. For the 26 weeks ending 4 July, turnover in the Co-op’s Food division rose 5.2% to £3.9 billion (compared to £3.7 billion in the same period in 2019) as…