Swiss retailer Coop has reported total sales of CHF 34.9 billion (€36.99 billion) for 2024 – a 1.1% increase on the previous year.
The group noted that its supermarket business, including Coop.ch, grew by 2.0%, reporting net sales of CHF 12.1 billion (€12.83 billion) while gaining market share.
Private-Label Sales
Coop reported strong sales for its Prix Garantie private-label brand, it noted, as well as its sustainable product range, while it reduced the price of more than 2,400 SKUs last year.
Since 2019, Coop has invested some CHF 600 million (€636 million) in lower prices.
Within its specialist formats, meanwhile, Coop City department stores saw sales go up by 2.2%, to CHF 800 million (€848 million), while Interdiscount reported sales growth of 10.2%, adjusted for the merger with Microspot.
Other banners, including Christ Uhren & Schmuck, Coop Vitality and Update Fitness, also saw an increase in net revenue, while the catering/BâleHotels segment grew by 5.3%.
The Coop Pronto convenience store brand ‘developed positively’, the group noted, reporting a 0.4% increase in sales, while Coop.ch, its online supermarket platform, grew revenue by 8.7%. Its overall online business achieved net revenue of CHF 5.5 billion (€5.83 billion).
Wholesale And Production
In Coop’s wholesale/production arm, total sales rose by 2.9%, to CHF 16.9 billion (€17.91 billion), with the Transgourmet business generating net sales of CHF 11.5 billion (€12.19 billion) – a 1.9% increase. Online net revenue in the wholesale sector rose by 7.3%.
Sales of sustainable products went up by 2.1%, the retailer added, with Coop offering some 21,500 sustainable products as part of its offering – the broadest range in the Swiss retail and wholesale trade.
‘Coop reported total sales of CHF 34.9 billion for the past year,’ the group noted in a statement. ‘Adjusted for currency effects, this represents an increase of CHF 386 million, or 1.1%, compared to the previous year.’
