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ICA has reported its Q2 results, with net sales increasing by 4.6% to SEK 31,924m (€3.1bn).

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The discounter, owned by Russian retail group Torgservis, has opened its first store in Lithuania on 15 June 2020. Limited assortment and very low prices The first store opened in Kaunas, the country’s second largest city. For now, the discounter only offers a very limited range of products with prices 20% cheaper than the market on average. Mere stores have a very simple and efficient conc...
Maxima has set out plans to invest heavily in the digitalisation of its Latvia operations, while adding structural changes to its real estate. Maxima Latvia to invest in digitalisation Maxima Latvia will invest over €1m (US$1.12m) in new digitalisation initiatives in 2020. These will help the retailer to automate processes and introduce new and user-friendly tools, which are important in li...
ICA reported Q4 and full year consolidated sales, saying total sales rose 2.6% in its final quarter, to SEK30.9 bn (US$3.2 bn), and by 3.4% in the year, to SEK119.3 bn (US$12.4 bn), as a whole. In the fourth quarter ICA said ‘ sales growth was mainly price-driven, but included favourable volume growth in ICA Sweden's wholesale operation, ICA Bank and Apotek Hjärtat ’. ICA developed in line wit...

Presentations

16/03/2020
We look at Lidl's strategic priorities to reinforce its position as the leading European retailer. It is winning share thanks to its rapid expansion and by putting sustainability and shoppers at the heart of its strategy.
12/03/2020
This guide to Lithuania explores the key trends in grocery retail, the outlook for the market over the five year forecast period and the growth strategies of country’s leading retailers.
14/01/2020
Food discounters are now catching up with other major retailers in terms of sustainable developments and are sometimes leading the way. This report gives an overview on how Europe and North America based discounters are preparing and contributing to a more sustainable future.
View all presentations

Key presentation

This guide to Lithuania explores the key trends in grocery retail, the outlook for the market over the five year forecast period and the growth strategies of country’s leading retailers.

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