Published on June 25, 2024 at 06:15. / Modified on June 25, 2024 at 06:46.
Migros is in turmoil. Since the announcement last Tuesday of the acceleration of its restructuring, the distribution giant has been at the heart of the news and must regularly respond to criticisms according to which it has “lost its soul”. Meanwhile, its competitor hardly gets talked about. Coop is sailing in much calmer waters.
The Basel retailer made a profit of 575 million francs last year, up 2.1%, despite the weight of investments. For its part, Migros saw its profit reduced by value adjustments to fall to 175 million, compared to a result of 459 million a year earlier. Above all, Migros has been losing substantial market share in its core business: supermarkets for more than a decade.
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