ICA news

20 August 2014
Sweden’s largest grocery retailer, ICA has released its results for the first half of 2014, reporting a 2.1% increase in net sales to SEK 48.7bn (€5.3bn). Swedish performance driven by wholesale, pharmacies and Kvantum supermarkets In Sweden, which makes up the majority of ICA’s sales, the retailer grew by 3.4%, attributing this to its wholesale and Cura pharmacy performance. As of the ...
07 May 2014
ICA, Sweden’s largest grocery retailer, has released its results for the first quarter of 2014, reporting a 0.6% decrease in net sales to SEK 23.5bn (€2.6bn), although operating profit increased 9.3% to SEK 528m (€58.2m). Swedish performance affected by late Easter In Sweden, sales decreased by 0.1% to SEK 16,088 (€1.8bn) in the first quarter, while like-for-like sales declined by 0.7%. The ret...
13 February 2014
The Norwegian Competition Authority has advised that they plan to stop cooperation between ICA Norway and Norgesgruppen. The retailers have until April 25th to submit their comments, after which the Norwegian Competition Authority will share their decision. Appeal cannot be made yet After this point, an appeal can be made. According to a press release from ICA, the retailer is undecided as to ...
12 February 2014
ICA, Sweden’s largest retailer has announced its 2013 annual results, reporting a slight decline in net sales by 0.1% to SEK 99.5bn (€11.3bn). Despite this, the retailer also reported that net sales rose by 0.4% to SEK 26.0bn (€2.9bn) in the fourth quarter of the year. Sweden and the Baltics see continued growth… In Sweden, ICA’s largest market, the retailer reported that 2013 net sales rose b...
17 December 2013
The Norwegian Competition Authority has announced that its review of the agreement between Norgesgruppen and ICA Norway on joint sourcing and distribution is to be extended until the end of February 2014. Initial cooperation between Norgesgruppen and ICA took effect in April On April 1st this year, the agreement between ICA Norway and Norgesgruppen’s wholesale company, Asko, took effect. This ...
16 December 2013
If the Norwegian Competition Authority approves cooperation between Norgesgruppen and ICA Norway, Coop Norge, Norway’s third largest retailer will partner with Rema 1000, the discount format of Reitangruppen. Initial cooperation between Norgesgruppen and ICA took effect in April On April 1st this year, the agreement between ICA Norway and Norgesgruppen’s wholesale company, Asko, took effect....
13 December 2013
ICA, Sweden’s largest retailer has announced its strategic priorities for 2014. Growth to come from Sweden and the Baltics, while Norway faces continued headwinds CEO, Per Stromberg commented 'Growth will continue in Sweden and the Baltic countries … When it comes to our Norway, operations remain challenging ' . 10 strategic priorities for 2014 ‘to enable continued growth and improved p...
28 November 2013
Following the purchase of the ICA chain earlier this year, ICA Gruppen has undertaken a strategic review, resulting in updated financial targets and the divestment of some units. While some targets remain, ICA now seeks to improve operating margin and reduce debt ICA is now working towards the following long-term targets: • To grow faster than the market (unchanged) • Achieve an operating...
19 November 2013
Sonat Burman-Olsson is to join Coop Sweden as CEO. Burman-Olsson joins from competitor ICA, Sweden’s largest retailer Sonat Burman-Olsson joins Coop Sweden, from ICA, where she has been Deputy CEO and CFO. Her replacement at ICA will be announced shortly, while she will take up her new position no later than 21 May 2014. Burman-Olsson has previously held a variety of international leaders...
15 November 2013
Swedish retailer ICA has announced its Q3 results for the three month period ending September 2013, saying that it generated sales worth SEK 24.8bn ($3.7bn) for the quarter, an increase of 2.3% versus last year. ICA returns to profit ICA advised that their net profit for the period was SEK 585m ($87.8m) compared to a loss of SEK 296m ($44.4m) for the same period last year. Last year in Q3,...