Despite the recession dampening consumer spending, Coop Italy says it will invest 400 million euros by opening 71 new stores by 2014. That will include 62 supermarkets and nine hypermarkets, or super-sized supermarkets, Coop said Thursday as it presented its annual report. The Coop represents a group of Italian consumers' cooperatives which operates the largest supermarket chain in Italy. The company said it expects to close fiscal 2012 with a 1% increase in profits, worth about 13.2 billion euros, over 2011 figures. "In reality, Coop Italy confirms its leadership in Italy...despite the (economic) crisis," said Vincenzo Tassinari, president of the Management Board of Coop Italy. The organization's market share now stands at 18.4% as sales rose by 1.1% between January and August even if, said Tassinari, "in recent years, profitability has been reduced."
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor