Sweden news & analysis

25 March 2021
Although performance at urban convenience stores has been challenged amidst COVID-19 in many Western European markets; Reitan Convenience has invested in four new concept stores as it seeks to be fit for the future in partnership with design agency Reactor AB. These new store concepts elevate the customer experience across its formats to a whole new level, while PBX could set the benchmark...
23 March 2021
Following much speculation, Costco is reported to be entering Sweden in autumn 2022. The leading retailer, which reported revenue growth of 9.1% to $166.2bn in 2020, is due to open its first store north of Stockholm in Täby. 13,000 sq. m premises secured in growing location Trophi , ‘the Nordic region’s leading real estate company in the grocery trade’ has confirmed a contract for ...
22 March 2021
We review Couche-Tard’s third quarter performance and growth strategies. Key numbers Total revenue down 20.8% to $13.2bn YoY Merchandise and service revenues up 5.6% to $4.5bn YoY Road transportation fuel revenues down 29.7% to $8.5bn YoY Other revenue down 40.9% to $148m Same-store merchandise sales up 4.7% in Canada, 2.9% in the US and 2.8% in Europe and other re...
08 March 2021
Earlier this year, we outlined five global trends that will shape the convenience channel this year and beyond. Below are some case studies to show how sustainability and health are rising up the agenda. Taiwan: increasing healthier options Well-known Taiwanese brand I-Mei is promoting new products at FamilyMart, emphasising local origin, quality and no preservatives added. While Famil...
16 February 2021
After an unprecedented year, two leading Swedish retailers, ICA and Axfood have released their 2020 annual reports, while ICA recently ran a virtual Capital Markets Day event. In this article, we reveal the channel trends driving this exceptional year in Sweden and report on the impact on retailer strategy. Next week, we’ll consider the shopper trends and retailer priorities for IGD Retail A...
01 February 2021
In 2020, despite the Coronavirus (COVID-19) pandemic, there was significant format innovation in the Nordics, especially so in Sweden. This theme has continued into 2021, with several new concepts launching so far this year already. Last month, we published an exclusive article, 10 Nordic stores to visit in 2021 . We described that the region offers something for everyone to be inspi...
18 January 2021
Having entered in preliminary discussions around a potential transaction, these have now ended, with Carrefour and Couche-Tard switching their focus to explore opportunities for operational partnerships. Opposition to any deal The discussions had been initiated by Couche-Tard’s “friendly approach” to Carrefour with the objective of acquiring the France-based retailer. However, these d...
15 January 2021
In our recent Western European outlook 2021 article, we highlighted ‘Stepping up on sustainability’ as one of five trends that we expect to shape grocery retail in 2021. This is especially the case in the Nordics, where sustainability remains at the heart of retailer strategies despite the COVID-19 pandemic. In 2020, the World Economic Forum in Davos revealed the Global 100 Most Sustainable ...
14 January 2021
Canada's Couche-Tard, which operates the Circle K chain of convenience stores globally, has submitted a non-binding offer letter to Carrefour for a "friendly combination" at a price of EURO 20 per share, in a US$20bn deal. The terms of the transaction are under discussion, but there can be no certainty at this stage that these discussions will result in any agreement or transaction. Retail’s d...
26 November 2020
We look at how Circle K’s parent company, Couche-Tard, continues to adjust to the pandemic and the changes it’s making across its global operations. Second quarter key numbers Total merchandise and service revenues increased 6.3% to $3.8bn Same-store merchandise revenues increased 8.6% in Europe, 4.4% in the US and 11.4% in Canada Operating income increased 32.0% to $1.0bn 1. ...