ICA news

20 August 2020
10 things we learned from ICA’s Q2 results ICA has reported its Q2 results, with net sales increasing by 4.6% to SEK 31,924m (€3.1bn). We round up the highlights including growth in hypermarkets, larger supermarkets and online, as well as consider the impact of Coronavirus (COVID-19) on KPIs and trends. We also review performance in the Baltics and in the pharmacy business, in addition to a...
06 August 2020
Amazon has announced plans to launch in Sweden, the Nordic region’s largest grocery market. Here we consider which FMCG categories it usually prioritises and report on the online performance of leading Swedish grocery retailers. First launch in a Nordic country Launching in Sweden will see Amazon’s entry into the Nordics. Customers in Sweden can already shop on Amazon through other European...
04 June 2020
With the Coronavirus (COVID-19) pandemic linked to a marked shift towards online grocery, Sweden’s Axfood has made a series of timely investments in this fast-growing channel. 1. Partnership with Circle K in click and collect push Axfood’s discount banner Willys has introduced click and collect lockers at Circle K forecourts. Initially this will include four stores in the Frescati, Bandhage...
06 April 2020
To protect employees and consumers from the Coronavirus (COVID-19), retailers in Denmark, Sweden and Norway have added dedicated hygiene lines and plexiglass to the checkouts. Denmark: hygiene lines and new initiative for suppliers Coop and Salling Group have introduced distancing measures with “hygiene lines”. These are tape markings on the floor of the checkout lines that work to remind s...
28 February 2020
Three developments from retailers in Sweden, Finland, and Denmark as they look to build their online and digital skill and scale. Sweden: ICA’s test for unmanned stores In collaboration with innovation hub ICAx and the Värmland region, ICA Nära Silleurd is the first among the larger chains to test an unstaffed store. Having begun in December 2019, the test will end on February 29, 2020. It ...
07 February 2020
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...
13 December 2019
At ICA’s Capital Markets Day, the retailer presented prioritised step-changes, which the Board of Directors will adopt for the next three years. The step-changes will replace ICA’s previous strategic priorities. Outlining the step-changes The following step-changes apply to all or large parts of the business: Common sourcing within ICA Gruppen Creating business value through AI and...
30 October 2019
Sweden-based ICA and Axfood have reported a 3.4% and 5.7% increase in consolidated net sales respectively. Meanwhile, Finland-based Kesko saw a 6.1% increase in net sales. ICA: 3.4% sales increase ICA Sweden saw consolidated net sales increase by 3.4% to SEK29,818m (US$3,079m) in Q3 2019. Operating profit, excluding items affecting comparability, for the period was SEK1,599m (US$165m) and...
15 August 2019
ICA has released its first half results, reporting consolidated net sales increased by 3.9% to SEK58,627m (US$6.1bn). Operating profit excluding items affecting comparability was SEK2,490m (US$259m) while cash flow from operating activities was SEK4,737m (US$493m). CEO: good H1 but more to do Commenting on the results, CEO Per Strömberg said, “I can affirm that we have had a good first ha...
03 July 2019
Sweden-based ICA has appointed a new chief digital officer (CDO) and new chief strategy and business development officer (CSO). The two positions will spearhead the roll out of ICA’s online and digital strategy. Anders Bärlund selected as CSO… Anders Bärlund has been appointed as the new CSO, replacing Liv Forhaug by 30 September 2019. Bärlund will also join the ICA Gruppen Management Team ...