ICA news

09 May 2019
As ICA, Colruyt and Migros Switzerland launch new initiatives and Leclerc adds further Relais stores, we look at developments in ecommerce from countries across Europe. ICA to add prepared food delivery service Sweden-based ICA has announced from autumn it will enable shoppers to receive express delivery of prepared meal solutions alongside their grocery orders. Initially the service will b...
03 May 2019
ICA released its first quarter results, reporting consolidated net sales increase of 2.8% to SEK28,098m (€2.7bn) and net profit of SEK813m (€77.4m). Sweden and Lithuania continue to be the markets where the group experiences the strongest growth. Sweden: net sales +2.2%, driven by prices at retail and volumes at wholesale In its home market, ICA reported consolidated sales of SEK19,793m (€...
07 February 2019
ICA has reported that 2018 consolidated net sales increased by 5.4% to SEK 115,354m (€11bn). Operating profit excluding items affecting comparability marginally increased to to SEK 4,651m (€446m). Meanwhile, Axfood reported that consolidated net sales increased by 4.6% to SEK 48,085m (€4.6bn). Net profit increased by 7.5% to SEK 1,577m (€148.9m). ICA Sweden: net sales +3.9% ICA Sweden saw ...
31 January 2019
Sweden-based ICA has announced it will continue to expand its vegetarian range. 50 new products expected to launch… ICA, which has seen sales in the category increase by 20% annually, will launch 50 new products within its vegetarian range in 2019. New products include, fish-ish fillet, breaded halloumi burger and a new series of frozen vegetable-based products. Sara Rosendahl, responsib...
09 November 2018
In the Netherlands, HEMA has partnered with start-up ‘Too Good To Go’ through which it offers the ‘magic box’ . The box contains surplus food that would usually have been thrown away at the end of the day. Meanwhile, SPAR University repurposes its coffee waste and introduces the 'Zero Waste Bag'. Elsewhere, in Sweden, ICA is trialling the ‘Karma fridge’ in its ICA Kvantum Liljeholmen store. ...
24 September 2018
ICA’s pharmacy division, Apotek Hjärtat, has invested in Min Doktor, which was established in 2013 to offer online medical care 24-hours a day. Investment will combine ICA’s Minute Clinic with Min Doktor The investment will see ICA combine its Apotek Hjärtat Minute Clinic drop in service with Min Doktor’s Swedish operations. Partnership will see growth in the number of drop-in clinics ...
17 August 2018
ICA has released its first half results, reporting that consolidated net sales increased by 5.2% to SEK 56,439m (€5.4bn). Operating profit excluding items affecting comparability declined by 3.7% to SEK 2,013m (€193.3m). CEO: positive trends continued but weak earnings for ICA Sweden Commenting on the results, CEO Per Strömberg said, ‘The trends from the first quarter of the year continued...
02 May 2018
Ocado has announced a partnership with ICA to develop its online grocery business in Sweden. This is the third international partnership for the Ocado Smart Platform in six months. Exclusive partnership The Swedish market leader will use Ocado's e-commerce platform and technology for its automated picking warehouses. ICA hopes this will improve its customer offering and boost efficiency....
18 April 2018
Lithuanian competition authorities have blocked ICA’s acquisition of UAB Palink, which runs the IKI grocery retail chain in the country. This follows local competition authorities granting conditional approval in October 2017. Approval was conditional on ICA selling 17 specific IKI/Rimi stores before the transaction could be completed. Competition authorities unsure of ‘buyers’ competitivenes...
08 February 2018
Swedish retailers, ICA and Axfood have released their 2017 results. ICA reported that consolidated net sales increased by 2.7% to SEK 106,455m (€10.8bn). Operating profit declined by 0.6% to SEK 4,669m (€473.2m). ICA attributed this to costs associated with the integration of IKI in Lithuania. Meanwhile, Axfood reported that consolidated net sales increased by 6.0% to SEK 45,968m (€4.7bn). Axfo...