Retailer Coopʼs revenue up 1.8% in 2014

Retail

Hungarian-owned retailer Coop Hungary saw a revenue of HUF 560 bln last year, increasing by a year-on-year 1.8%, the company said yesterday. Coop did not enclose its earnings figures.

CEO Géza Tóth did say, however, that turnover of the Coop shops declined slightly in 2014, chiefly due to the loss of tobacco products sales.

The Coop group has more than 3,000 franchise shops and supplies a further 1,620 shops. The group employs more than 32,000 people, Hungarian news agency MTI said, adding that approximately 1.5 million customers visit the Coop units daily.

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