ICA news

15 December 2016
We round up the latest news from Sweden, including the agenda from ICA’s Capital Markets Day and Axfood’s potential online acquisition. ICA upgrades capex by 40% Market leader ICA is holding its Capital Markets Day in Stockholm today (15 December). The agenda will include the Group’s strategic priorities, as well as reviews for ICA Sweden, Rimi Baltic and Apotek Hjärtat. In 2017, IC...
25 November 2016
Sweden’s ICA, which operates the Rimi Baltic chain in the Baltics has confirmed that it is in discussions to acquire Lithuanian grocery chain IKI, the country's second largest grocery retailer. Lithuania as a key growth driver for ICA… In the first half of 2016, despite being ICA’s smallest market in the Baltics, Lithuania was th star performer, with sales growth of 15.7%. During the fi...
24 November 2016
We highlight the latest developments in online and digital including enhancements to ICA’s mobile app and Coop’s record online growth. ICA improves app functionality Swedish market leader ICA is trialling new functionality in its app, which helps shoppers find products in store. The service is currently available in fifteen stores for use on Android and iPhones. Future functionality im...
21 September 2016
Earlier this week, Sweden’s Axfood launched its next phase of e-commerce development, offering shoppers online delivery and click & collect through its Hemköp supermarket format. Three Hemköp stores now offer the service The service is initially available in three stores, Stäket, Torsplan and Djurgårdsstaden. During the autumn, the retailer plans to extend the service to five more store...
17 August 2016
Sweden’s ICA has released its results for the first half of 2016, reporting that consolidated net sales increased by 3.6% to SEK 50,983m (€5.38bn), which the retailer attributed to higher volumes and price increases; while operating profit rose by 13.6% to SEK 2,093m (€220.98m). Sweden: hypermarkets drove performance ICA Sweden’s store sales excluding VAT increased by 3.5% in the first h...
10 August 2016
Swedish market leader ICA is investing in an in-store restaurant, “Köket” , which translates to “the kitchen”. Added convenience & maximising destination appeal The restaurant will launch at an ICA supermarket in Umeå, a town in northern Sweden. It will offer an online delivery and drive-thru service, providing added convenience and maximising destination appeal for the 18,000 cars t...
18 July 2016
Axfood has released its sales results for the first six months of 2016, reporting that consolidated net sales increased by 6.7% to SEK 21,386m (€2.3bn). Net profit also increased by 18.6% to SEK 700m (€73.7m). All formats in growth All retailer formats reported growth, with the strongest performance at Hemköp supermarkets, which grew by 8.3% to SEK 3,108m (€327.3m), driven by a higher...
29 June 2016
ICA has appointed a new Chief Digital Officer while Coop Sverige is to launch its second dark store. ICA’s new Chief Digital Officer ICA has appointed Peter Muld as its new Chief Digital Officer as of 5th September, reporting to the retailer’s Chief Strategy Officer, Liv Forhaug. In a press release, the ICA revealed that the move represented its ‘next step in the work on strengthe...
18 May 2016
Maxima has appointed Alvydas Šustikas, as its new CEO, replacing Neringa Janavičiūtė who is leaving the business. New CEO appointed from next week The new CEO will be in position from May 21st, heading up the retailer’s operations in the Baltics, Bulgaria and Poland . Commenting on the change, Neringa Janavičiūtė said ‘Over the last few years, I think, we successfully achieved the k...
13 May 2016
We round up the latest developments from Sweden’s Axfood, including the launch of online at Willys, a new private label website and promotion with Coca-Cola. Willys launches online Axfood has launched online in three of its Willys stores, offering a home delivery and click & collect service. The stores are located in Stockholm and Gothenburg , while after testing and reviewing the re...