Buoyant convenience store sales have helped United Co-operatives achieve record profits.
Group sales in the year to January 28, 2006, rose 11% to £2.093bn, with profit up 17.1% to £56.4m. C-stores reported a 3.3% like-for-like sales increase in a year that has seen the society complete 160 refurbishments and acquisitions, taking total store numbers to 520.
Refurbishments resulted in strong performances, particularly in Ashton-on-Mersey (27%) and Fagley in Bradford (41%).
General manager of the food group, Tim Hurrell, said: “Our results demonstrate the progress made in the past three years. Acquisitions, improving store standards, stock availability and increasing our range have all helped drive up sales.”
Group sales in the year to January 28, 2006, rose 11% to £2.093bn, with profit up 17.1% to £56.4m. C-stores reported a 3.3% like-for-like sales increase in a year that has seen the society complete 160 refurbishments and acquisitions, taking total store numbers to 520.
Refurbishments resulted in strong performances, particularly in Ashton-on-Mersey (27%) and Fagley in Bradford (41%).
General manager of the food group, Tim Hurrell, said: “Our results demonstrate the progress made in the past three years. Acquisitions, improving store standards, stock availability and increasing our range have all helped drive up sales.”
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