Retailer says lack of lorry drivers and supply chain crisis will add to its costs into next year
The Co-op has warned that annual profits will be hit by shortages of lorry drivers and supply chain problems which the convenience store operator said were likely to lead to price rises for shoppers well into next year.
Reporting a 38% dive in pretax profits to £44m in the six months to 3 July, when sales slid by 3.4% to £5.6bn, the mutual pointed to significant cost rises and sales and profit erosion related to product availability issues and the ongoing effects of Covid.
