Sweden news & analysis

01 March 2018
Reitangruppen has released its 2017 annual results reporting that total turnover declined by 0.1% to NOK 89.1bn (€9.2bn). During the period, operating profit declined by 14% to NOK 3.4bn (€353m). Part of the reason for this decline in profit is due to the fact that Reitangruppen sold its stake in Sweden's Axfood in 2016 and received a share dividend of NOK 3.4bn (€353m) that year. CEO: '2017 ...
20 February 2018
We highlight four new and innovative store concepts in Stockholm, Oslo, Copenhagen and Helsinki. This includes new market entries, manufacturer-led concepts and brand new formats. Eataly launches in Stockholm… Italian-focused food concept Eataly has opened in at a former cinema in central Stockholm. The site, which is 3,000 sq. m in size consists of a food hall, restaurants, a café, bars ...
08 February 2018
Swedish retailers, ICA and Axfood have released their 2017 results. ICA reported that consolidated net sales increased by 2.7% to SEK 106,455m (€10.8bn). Operating profit declined by 0.6% to SEK 4,669m (€473.2m). ICA attributed this to costs associated with the integration of IKI in Lithuania. Meanwhile, Axfood reported that consolidated net sales increased by 6.0% to SEK 45,968m (€4.7bn). Axfo...
15 January 2018
We highlight the latest developments from the discount channel in the Nordics. This includes expansion, range innovation, store refurbishments, technology advancement and new appointments. Norway: Coop Norge operating additional 100 discount stores in 2018… Norwegian discounter Coop Norge hopes to operate an additional 100 stores this year. This will be largely driven by store conversions ...
18 December 2017
Swedish market leader ICA has started partnering with some new foodservice operators in its larger format stores. We highlight the partnerships here. First Subway concession… ICA has opened its first concession of sandwich chain Subway in ICA Maxi Stormarknad Häggvik. Subway currently operates around 40 sites in Sweden, the majority of which are in and around Stockholm.  …As first Sushi ...
08 December 2017
We round up innovation from Sweden’s leading grocery retailers as ICA gets ready to open its first dark-store and introduces vegetable hydroponics. Elsewhere, Coop Sverige unveils ‘Sweden’s first voice-controlled shopping list’ and is reducing sugar in private label soft drinks. Meanwhile, Finnish organic grocery chain Happy Food Market is entering Sweden in 2018. ICA to open first dark stor...
10 November 2017
We round up the latest news from Sweden as Bergandahls looks to triple its organic store count and Paradiset plans an online launch for summer 2018. Elsewhere,Coop Sverige invests in online marketplace as it looks to replicate the in-store experience. Bergendahls to triple organic store count Bergendahls is planning to open ten new Ekohallen organic stores in the future, three of which will...
06 October 2017
We highlight the latest news from ICA in Lithuania as it appoints a new Country Managing Director for RIMI Lithuania and has proposed store divestments to local competition authorities in order to acquire competitor IKI. New MD joins from Circle K Poland… ICA has appointed Giedrius Bandzevicius as Country Managing Director for RIMI Lithuania. Bandzevicius brings experience from Circle K Pol...
12 September 2017
We round up the latest news from Swedish discount retailers as Lidl reports growth of 7.5% and outlines expansion plans, while high street discounter Nille exits Sweden. Lidl: 7.5% growth in 2016/17 Lidl Sweden has reported growth of 7.5% to SEK 8.958m (€936.5m), although operating profit dropped by 45.8%% to SEK 48.4m (€5.1m). Lidl: ‘ we continue to grow faster than the rest of the day-...
22 August 2017
We round up the latest developments from Sweden as Netto appoints a new country director and NorgesGruppen acquires Axfood’s minority stake in Eurocash. Netto appoints Anders Wennerberg as country director… Discount chain Netto has appointed Anders Wennerberg as country director in Sweden. Wennerberg brings extensive retail experience, previously holding senior roles at ICA, Coop Sverige an...