Coop Bau + Hobby reports striking growth


A "striking sales growth" has been reported by the Swiss retail group Coop for its DIY sales channel Coop Bau + Hobby, however concrete figures have not been stated. Overall, the group fell just short of maintaining its prior-year sales with CHF 30.2 bn (-0.2 per cent). The specialist formats, to which the DIY stores also belong, made sales of CHF 7.1 bn (EUR 6.5 bn) and thus lie at around CHF 400 mio (EUR 367 mio) below the previous year's value. Online sales in Coop's retail sector rose by 35.2 per cent to a volume of CHF 1.2 bn (EUR 1.1 bn).