Co-op shrugs off £15m loss to announce Amazon tie-up and “robot deliveries”


 

Co-op has blamed “product availability issues” and the effects of Covid after it slipped into the red during the first half of the year. It also warned that unplanned supply chain challenges and the ongoing costs of Covid would bring greater levels of uncertainty and apply pressure on its prior expected level of profitability for year end. Underlying operating loss before tax was £15m, down £71m from last year’s profit of £56m but it said it was generally consistent with […]