date:Aug 30, 2013
The Co-operative Group has recorded a 1.1% drop in half-year like-for-like sales in its food division.
While food sales fell by 2% during the first quarter of the year due to the cold weather in March, they improved during the second quarter, owing to the June heatwave. Overall, operating profits in food slipped 1.3% to 117.4 million, with sales down 0.4% to 3.6 billion.
The group stated that operating profits had fallen due to 'continued investment in the business', with 22 million going into