British Retailer Co-op Group’s Loss Widens on Spending Push and Cyberattack Costs as New CEO Kate Allum Takes Over
The Co-operative Group, one of Britain’s largest member-owned retailers, swung deeper into the red for the year to January 3, 2026, as the lingering financial fallout from a major cyberattack combined with rising staffing costs and a deliberate push to invest in stores and colleagues to widen the group’s losses considerably. The retailer reported an … Read more