Sweden news & analysis

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. ...
26 November 2020
(Last updated 26/11/2020) As Western European countries are facing a second wave of COVID-19 infections, several governments are implementing stricter restrictions including second national lockdowns. Here is an update of the latest announcements across the region Germany Latest ( update 26/11/2020) : Lockdown to be extended until at lest 20 December, with non-essential busines...
17 November 2020
Reitangruppen, which operates the discount banner REMA 1000 in Norway and Denmark, as well as a variety of convenience banners in the Nordics and Baltics, is rebranding, restructuring and exploring listing on the stock market. We consider this and how a listing may help fuel the retailer's growth ambitions. Its REMA 1000 banner is the fastest growing discounter in Denmark, while it remains the ...
10 November 2020
We highlight case studies from the Nordics where retailers have been fundraising for a key cause during October and November. Themed private label products, donating a percentage of product turnover and encouraging shoppers to donate are among the tactics used. 1. Sweden: ICA raises €5.5m for the Pink Ribbon campaign with themed private label, bracelets and donations Source: ICA I...
30 October 2020
As Amazon announces its Q3 results, we round up news from the retailer. In its third quarter, Amazon's net sales increased by 37% to $96.1 billion, and operating income rose 96% to $6.2 billion.  Amazon also this week launched in Sweden, the Nordic region’s largest grocery market. Customers can shop from European and local Swedish business, across 30 categories.   North America leading t...