The second largest retailer in Switzerland can look back on a successful business year. The company generated over one and a half billion francs in sales than in the previous year.

Coop presented its business figures for 2021 on Thursday.

Coop also grew in the second Corona year still strong

The various corporate divisions generated a total turnover of 31.8 billion francs.

In the retail trade, the second largest provider in the country, after Migros, was able to achieve an increase of 2.6 percent to total sales of 19.6 billion francs.

That's what

  • Coop has its business figures for the year 2021.

  • The group achieved a turnover of 31.8 billion Swiss francs.

  • This increased the second largest retailer in the country compared to the record previous year.

Coop presented its business figures for 2021 on Thursday. At the company headquarters in Basel you can look forward to growth rates in all business areas – in some cases even in double digits. The company generated sales of CHF 31.8 billion in 2021. Compared to the previous year, this corresponds to an increase of 1.6 billion Swiss francs.

DIY stores fueled growth in the online segment

The effects of the ongoing corona pandemic have only partially depressed the company's growth path. As Coop wrote in a press release on Thursday, the company's retail division was able to maintain the “previous year's record level” with net sales of CHF 12.1 billion. In the group’s specialist stores, some of which had to be closed in the spring due to the renewed shutdown, there was still a growth of 8.6 percent compared to the previous year.

In addition to the retail trade, Coop's second mainstay – wholesaling resp. increase production. In this division it was as much as 8.4 percent compared to the previous year. The Coop subsidiary Transgourmet made a major contribution to this with sales of 9.1 billion francs. As the company writes, Transgourmet, which is active across Europe, was able to defy the recent closings due to the pandemic. Coop's online business also developed positively. With sales of three billion francs, Coop.ch, Microspot, .ch and Co grew in the double-digit range compared to the previous year (+13.4 percent). The DIY store division stands out in particular. Thanks also to the acquisition of Jumbo, this resulted in a growth of 27.1 percent compared to 2020.

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By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

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