Tuesday, November 5, 2024

Co-op loses £39m to shoplifters

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The Co-operative Group swung back into profit in the first half of the year despite losing almost £40 million to shoplifting.

The mutual reported pre-tax profits of £58 million for the six months to June, reversing a loss of £33 million during the same period last year. It has a 6.1 per cent share of the UK grocery market and its interests also include funerals, insurance and legal services.

However, the Co-op said it had lost £39.5 million to shoplifting during the first half of the year, up 19 per cent from £33.3 million in the first six months of 2023.

The county where police are winning the battle against shoplifters

The group said the level of retail crime incidents had climbed by 4

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