Sweden news & analysis

28 June 2019
We look at how Sweden-based, Axfood-owned Hemköp is rolling out its latest concepts. Meanwhile, Norway-based, Coop Norge-owned Extra has opened its first 24-hour, self-service grocery store in Oslo. Hemköp: trials new meal concept Hemköp is trialling a new meal concept, Take Away, in its store in the Mall of Scandinavia. Commenting on the launch, Hemköp’s CEO Thomas Gäreskog said, “Althoug...
10 May 2019
Denmark based Salling Group has announced the sale of the 163 Netto stores it operates in Sweden to Coop Sverige. For the Danish retailer it’s a strategic decision to focus investments in other markets, while Coop will strengthen its position as the second largest retailer in Sweden. The agreement will need to be approved by the Swedish competition authorities, but it is unlikely that it will ...
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 (€...
26 April 2019
As Axfood reports positive Q1 results and Coop Sverige trials an airport food delivery service in Gothenburg, we look at developments from the country. Axfood announces ‘strong start to 2019’ Axfood said consolidated net sales rose 4.2% to SEK11.9bn (US$1.3bn) during the first quarter, with like-for-like sales up by 4.0%. The retailer said the results were particularly pleasing given that Q...
11 April 2019
Reitangruppen has reported its 2018 results, with REMA 1000 discount turnover increasing by 4.8% to €7.3bn, while Reitan Convenience turnover increased by 1.4% to €1.7bn. REMA 1000 turnover increased by 4.8% to NOK 70.2bn (€7.3bn) REMA 1000 turnover including franchises increased by 4.8% to NOK 70.2bn (€7.3bn). Operating profit increased by NOK 243m to NOK 1.9bn (€197.9m), which represents ...
13 February 2019
We round up the latest developments from leading Nordic retailers as they invest in supermarkets, convenience, online and foodservice. Norway: NorgesGruppen’s MENY tailors formats with 'Gourmet' and 'Urban' offer NorgesGruppen’s MENY supermarket banner is launching two new internal classifications for its MENY supermarket banner. Internally, formats will be classifed as 'Gourmet' and 'U...
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...
31 January 2019
In 2019, Lidl will maintain its rapid expansion in Europe. More store openings have been announced in several markets and new partnerships will enable the retailer to enter new locations. 40 new stores in Italy by end of 2019 After the completion of 40 new stores in 2018, Lidl Italia has announced it will maintain the same pace in 2019. €350m will be invested. Some of the new stores will re...