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Old 21.02.2017, 22:45
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Migros/Coop Gross Margins Highest in Europe

I'm surprised no one's posted this yet.

"Leading Swiss retailers Migros and Coop are the most profitable supermarkets in Europe, sparking criticism from price watchdogs.

In 2015, both grossed well above their international counterparts. For Migros, the gross margin was 40.2%; for rival Coop, 29.8%. In 2016, the two grocery giants each had about CHF28 billion ($27.7 billion) in turnover, dwarfing their local competition."

http://www.swissinfo.ch/eng/price-is...rgins/42977680

Nor do I believe that 1.7% profit margin figure Coop claims.

If you look at shopping malls here they're either Migros or Coop based, meaning not only will there be a Migros or Coop store, but also a restaurant and other brands which they own.

You're being had folks. Now you know why I shop at Aldi.
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Old 21.02.2017, 22:50
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Re: Migros/Coop Gross Margins Highest in Europe

I prefer Denner, Migros, Coop.

Aldi only if desperate.

Lidl only when they have special stuff that I want.

Price differential does not exceed the cost of getting there, thus the order.

Tom
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Old 21.02.2017, 22:52
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Re: Migros/Coop Gross Margins Highest in Europe

Aldi/Lidl isn't *that* much cheaper here, so I suspect Swiss farmers are being screwed.

Having said that I tend to only shop in Coop here, buying whatever is 50% off and then devising a recipe from whatever I end up with, supplemented with shopping in Germany and France.
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Old 21.02.2017, 23:08
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Re: Migros/Coop Gross Margins Highest in Europe

Ah, but not everyone can do that. Some of us aren't in a border zone.
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Old 21.02.2017, 23:13
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Re: Migros/Coop Gross Margins Highest in Europe

Why would you not expect them to have the largest gross margins? From the gross profit they then have to pay salaries and real estate costs, which are also the highest in Europe.
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Old 22.02.2017, 06:43
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Re: Migros/Coop Gross Margins Highest in Europe

What can I say, I love Migros products. I don't buy the stuff that's not their own brand at their shops, there's Denner and Manor for that. It's one reason keeping me in this country, I like their food products (the world's best Ice-Tea!) much more than even Swiss counterparts. Dar-Vida are rubbish compared to Blévita, the yoghurts are good, the nibbles are too, even the frozen stuff is better (mhhhh Lasagne Verde... now with less horsemeat!). Those margins seem big but they probably don't apply to all their stuff. Not much of a fan of Migros Budget though.

Coop having high margins? Not surprising, everything in there seems overpriced.
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Old 22.02.2017, 08:01
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Re: Migros/Coop Gross Margins Highest in Europe

COOP all the way.. For one it's the nearest shop where I can get everything in one go, including alcohol.. It's big, wide, spacious and never a line at the checkout. Three the staff are always friendly.

And the wine, veg and meat section always has loads of produce sourced from around my village..

Price is relative, my time, effort and sanity are not free!
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Old 22.02.2017, 08:01
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Re: Migros/Coop Gross Margins Highest in Europe

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Why would you not expect them to have the largest gross margins? From the gross profit they then have to pay salaries and real estate costs, which are also the highest in Europe.
Exactly, apart from the fact they almost have a duopoly, it's a non story.

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Nor do I believe that 1.7% profit margin figure Coop claims.
Why? If they have a gross margin of around 30%, 1.7 seems quite acceptable to me.
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Old 22.02.2017, 08:02
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Re: Migros/Coop Gross Margins Highest in Europe

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Why would you not expect them to have the largest gross margins? From the gross profit they then have to pay salaries and real estate costs, which are also the highest in Europe.
They could still pay the highest salaries in Europe and the most for real estate and still have zero profit - if they chose to.

The could have smaller profit margins and still pay their staff the same - by lowering their prices a bit.

It's only because they have been virtually a duopoly that Migros and Coop have been able to charge exactly what they want - and people have paid.

Last edited by Tom1234; 22.02.2017 at 08:03. Reason: Just seen that Grumpy posted the same thing regarding the duopoly
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Old 22.02.2017, 09:53
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Re: Migros/Coop Gross Margins Highest in Europe

Who cares, you decided to live in Switzerland.
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Old 22.02.2017, 10:04
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Re: Migros/Coop Gross Margins Highest in Europe

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Who cares, you decided to live in Switzerland.
I didn't read that anyone was complaining on this thread.

And even if they did, if you move to a country, and you pay taxes, why shouldn't you be able to complain?
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Old 22.02.2017, 10:44
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Re: Migros/Coop Gross Margins Highest in Europe

I am a Migros person, but typically I first do a shop at Aldi, then go to Migros for speciality / meat stuff). Every time I go to a COOP, I have a mini heart attack. They are more expensive than Migros, and I am not even sure why!

That said, I wonder how Aldi and Lidl are doing in comparison. They may not have the biggest margins, but their market share must be increasing, I suspect.
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Old 22.02.2017, 10:47
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Re: Migros/Coop Gross Margins Highest in Europe

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I didn't read that anyone was complaining on this thread.?
A small but essential item, seasonal, being Federkhol. This has gone up to
Chf.20.00 per kilo when packed, this season, from the earlier chf. 6.50/kg;-
for a complaint!
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Old 22.02.2017, 10:49
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Re: Migros/Coop Gross Margins Highest in Europe

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A small but essential item, seasonal, being Federkhol. This has gone up to
Chf.20.00 per kilo when packed, this season, from the earlier chf. 6.50/kg;-
for a complaint!
Storms have affected these crops.

This is basic economics of supply and demand.

Where is the Kale from?
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Old 22.02.2017, 10:56
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Re: Migros/Coop Gross Margins Highest in Europe

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I am a Migros person, but typically I first do a shop at Aldi, then go to Migros for speciality / meat stuff). Every time I go to a COOP, I have a mini heart attack. They are more expensive than Migros, and I am not even sure why!

That said, I wonder how Aldi and Lidl are doing in comparison. They may not have the biggest margins, but their market share must be increasing, I suspect.
Don't know they're doing in Switzerland, but in the UK Aldi has overtaken Coop to become the UK's 5th largest supermarket.

http://www.bbc.com/news/business-38890977

Still a way to go before they come close to the big 4 though. I suspect it's the same here. They're possibly have more of an effect on the likes of Denner, Pam, Volg, etc, though Migros and Coop have certainly felt their presence these last 10+ years.
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Old 22.02.2017, 11:40
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Re: Migros/Coop Gross Margins Highest in Europe

We do most of our shopping in Aldi or Lidl and I have to say our shopping budget has reduced dramatically, with no discernible reduction in quality. The only issue with these 2 shops is the often limited selection of fruit and veg. Having said that, at least they last longer after purchase than the often near-rotting selection on offer in Migros and Coop.
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Old 22.02.2017, 11:57
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Re: Migros/Coop Gross Margins Highest in Europe

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I am a Migros person, but typically I first do a shop at Aldi, then go to Migros for speciality / meat stuff). Every time I go to a COOP, I have a mini heart attack. They are more expensive than Migros, and I am not even sure why!
yep, Migros person too. When I shop at Migros for about 50.00 I can eat for a week .... when I shop at Coop for 50.00 I wonder what the hell I spent it on the next day when I'm hungry.

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Don't know they're doing in Switzerland, but in the UK Aldi has overtaken Coop to become the UK's 5th largest supermarket.

http://www.bbc.com/news/business-38890977
To the average Swiss food is not the place to save money on. Which I believe is why Aldi puts so much effort in advertising how oh so natural and Swiss their sources are, they still didn't convince me yet though. I actually wondered if I could save some money if shopping in Denner .... I walked in and that stuff simply did not appeal to me .... walked out again (it's great for alcohol and dishwasher tabs )
While I do know lots of people who simply must save money on food - cause they must save, full stop - and a few who seem to take pride in shopping food as cheaply as possible most of my friends go for quality/bio and so do I. Not because I believe bio is gonna make me live for ever but because bio is the closest to "the old days" I can get these days. And as someone said on the "hand-wash-thread": People care about who touched the vegetable and don't bother how it was grown and what's been pumped into it while growing it. (Can you even say, a vegetable has "grown" when it has never experienced earth?).
For those who speak German, enjoy.

PS: It's okay for me if Migros and Coop make good money. I have no idea why "the others" should always give away their stuff cheaply. And btw. Migros - as a "Genossenschaft" has to put all it's money back into business. That's why they're everywhere now - even amongst doctor's offices
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Old 22.02.2017, 12:01
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Re: Migros/Coop Gross Margins Highest in Europe

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Where is the Kale from?
I nearly fell over when I saw kale at 10 chf per kilo in the local market. It wouldn't be affected by bad weather. It grows all through the winter perfectly well. The only thing that would affect it is too much hot weather making it go to seed. I put mine in too late last summer so the plants are still small but last year I was picking it in the snow.
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Old 22.02.2017, 12:44
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Re: Migros/Coop Gross Margins Highest in Europe

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I nearly fell over when I saw kale at 10 chf per kilo in the local market. It wouldn't be affected by bad weather. It grows all through the winter perfectly well.
http://www.bbc.com/news/world-europe-38650167

This was in late January:

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Bad weather in Italy and Spain is likely to significantly increase the price of vegetables across northern Europe, food suppliers and supermarkets have told the BBC.
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Old 22.02.2017, 12:47
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Re: Migros/Coop Gross Margins Highest in Europe

As far as I know a cashier in COOP/MIGROS earns around 4000 CHF, no? A cashier at Esselunga, a famous supermarket in Italy, earns 1400 euros.
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