Lincolnshire Co-op food stores mark festive sales rise

Sales at Lincolnshire Co-op food stores grew by 7% during the festive period, the society has revealed.

In the week UK food retailers, including Morrisons and Sainsbury’s, are set to report a slowdown in sales growth, Lincolnshire Co-op’s released its figures, which also represent a slightly reduced growth rate from last year’s 12.6% rise.

Like for like sales in the three week period from December 17 to January 6 also saw Lincolnshire Co-op’s own trading area perform well.

The society’s own local bakery Gadsby’s saw its festive range sales increase by almost 8% with a record-breaking 240,000 individual mince pies sold.

Sales of the Love Local range, products sourced from the area, shot up by over 80%.

There was a significant rise in the number of sales in the Love Local range. Photo: Lincolnshire Co-op

A current trend around gin saw sales of the drink increase by 70% compared to the previous year.

In December, Lincolnshire Co-op also paid out a dividend bonus of £1.9 million to its 280,000 members, on top of the £2.2 million collected during the year.

In that month, members used £1.3 million of dividend to pay for their shopping in food stores.

Chief Retail Officer Mark Finn said: “All our team work hard to provide a valued service to our customers, especially at Christmas time. We’re delighted that together, our quality, value, range of products and good service has led to a strong sales growth.

“Our Love Local range supports producers across our area, helping to grow the local economy. We’re especially pleased to see so many shoppers giving these fantastic products a try this festive season.

“We paid out our dividend bonus on December 1st and lots of our members decided to use dividend to treat themselves during the month. We also raised more than £70,000 during December for our Community Champions, local charities working to deliver social inclusion for the over 50s.”