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Co-op Group FY profits slump amid record levels of shoplifting

By Iain Gilbert

Date: Thursday 04 Apr 2024

(Sharecast News) - Supermarket chain Co-op Group posted a sharp drop in full-year profits on Thursday as a result of record levels of shoplifting and competition from discount rivals.
Co-op said it had suffered from 336,270 incidents of "retail crime" across its stores in 2023, marking a 44% increase on the...

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