UK retailer The Co-operative Group expects to double sales of own-label Fairtrade chocolate as it rolls out the range to its recently-acquired Somerfield stores.
It is anticipated that annual sales will rise from GBP5m (US$7.2m) to GBP10m, the retailer said.
The retailer will give its range a “major makeover” as it is introduced to 3,000 Somerfield stores in the UK. The relaunched range will feature a wider choice of pack sizes, new recipes and new packaging designs.
Two premium Truly Irresistible chocolate products will also be introduced this month.
In order to meet higher sales volumes, the Co-op said that it will source Fairtrade cocoa from the Dominican Republic for the first time.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData