Investment reaps rewards for Midcounties Co-operative
The Midcounties Co-operative has reported a 97% increase in sales for its travel division.
Travel sales in the six months to July 27 2013 totalled £142 million.
Total sales for the group as a whole were up 36%, to £593 million.
Operating profit was up by 16% at £12 million during the period and the society is now generating over a billion pounds of gross sales annually following a sustained acquisition and growth strategy.
Following recent acquisitions, The Midcounties Co-operative now operates 60 travel shops and has a network of 80 home-based personal travel agents.
Chief executive Ben Reid said: "Our focus will be to build on our excellent performance in the first half of the year and further strengthen the society in our core markets through investment, the hard work and dedication of our colleagues and maintaining the core values that drive our co-operative approach to business."
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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