Coop revenue inches up 2% in 2015

Retail

Hungarian retail franchise group Coop Hungary had revenue of HUF 571 billion last year following revenue of HUF 560 bln in 2014, the company said yesterday, according to Hungarian news agency MTI.

The number of registered customers participating in the companyʼs loyalty program reached one million and the retail chain has around 1.5 million customers a day, Coop CEO Géza Tóth said. 

The retail chain is looking to improve efficiency by reorganizing certain retail, business and logistical services, by renewing its IT system and renovating some of its stores. 

The Coop group has nearly 3,000 franchise shops and supplies a further 2,000 stores. The group employs more than 32,000 people.

ADVERTISEMENT

Hungary GDP up 6.5% y.o.y. in Q2 Analysis

Hungary GDP up 6.5% y.o.y. in Q2

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.