Chelmsford Star Co-op posts strong c-store sales growth

  • Print
  • Share
  • Comment
  • Save

Chelmsford Star Co-op has announced an 8.6% like-for-like sales growth in its convenience stores in the half year ending 11 August.

In its interim first half results, the Essex-based society reported a 12.3% increase in like-for-like trading profit to £601,000. Overall like-for-like sales rose by 4.4%.

The strong growth in its food business was driven by significant investment “behind the scenes”, according to ceo Barry Wood.

The society refurbished three stores over the first half, with another store revamp planned for the second half of the year.

However, Wood sounded a note of caution for the second half of the financial year. “For the first time in five years, high-street shop prices have inflated. Couple this with the rise in interest rates, and as we move into the second half of the year many of us will find our disposable income severely squeezed,” he said.

Chelmsford Star, which operates 42 food stores across Essex, also confirmed that 33p in every £1 spent in any of their stores benefited the local economy during the first half.

Have your say

These comments have not been moderated.

You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment.

Any comment that violates these terms may be removed in its entirety as we do not edit comments.

If you wish to complain about a comment please use the “report this comment” facility or email groceremails@wrbm.com

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • Duke Street
  • Print
  • Share
  • Comment
  • Save
Sign in

Newsletter Sign-up

I wish to receive the following newsletters:

FOLLOW US