Profits fall at Manchester based Co-op after sale of petrol forecout business

The group has surpassed expectations with substantial membership growth, now reaching 5 million active member-owners and says that it is welll placed to drive growth with clear focus on increasing the number of member owners from 5 million to 8 million, by 2030, as well as targeting additional growth through its three core business areas of Food Retail, Business to Business (B2B) and Life Services.

Debbie White, Chair of the Co-op, said:

“I’m delighted to have joined the Co-op at a pivotal moment. As we mark the 180th anniversary of the Co-op, its relevance in today’s world has never been more apparent.

“The dedication and hard work of our 56,000 colleagues delivered both a financially strengthened Co-op, which ended the year in a much stronger position than the previous year, as well as a reinvigorated Co-op, which is well-placed to continue to grow membership and create more value for its member-owners. This includes expanding financial rewards, fostering more opportunities for engagement, and facilitating meaningful contributions to communities across the UK.”