Codè Crai Ovest exceeds 2023 turnover expectations

Source: Mintel 07-12-2023

Codè Crai Ovest, the Italian cooperative, exceeded its initial forecast of €340 million reaching €346 million in 2023. During the year, the group expanded its network, opening 11 new stores and renovating seven existing sites. In its fourth quarter, it acquired 49 Arcev stores in Valtellina, which will be integrated into the stores network starting 1 January 2024.

Its ‘Down with Inflation’ campaign offered price reductions of 20% on some 500 items. Additionally, the group focused on local products and its private label offering as it introduced three private-label brands.