Chelmsford turnover up

Chelmsford Star Co-op has announced a &#163 29.2 million turnover in its half-yearly results to August 12th.
Sales were ahead of inflation for the ninth consecutive year with a year on year growth of 5.9 per cent.
This position has been helped by a strong performance in the society&#039s food arm ? with a like for like growth 5.1 per cent and department stores recording like for like growth 14 per cent. Trading profit is &#163 502,000, which has been aided by 16 per cent growth in the profits of the food division.
The highlight for the half-year was the re-launch of the flagship quadrant department store in Chelmsford, which to date has delivered turnover growth of 50 per cent.
Tony Gudgeon, Chief Executive of the society, said: "Naturally we are delighted to have achieved a degree of success in a business segment that has been a real problem for the Movement; we won&#039t be relaxing because there is still a lot we can do to consolidate our position in Chelmsford.
"We are satisfied with our half-year position because we have continued to progress in terms of trading performance, business development, governance reform, environmental policy and social initiatives and membership involvement"