ICA news

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...
20 October 2017
Sweden-based ICA has received conditional approval from the Competition Authority in Lithuania over its acquisition of UAB Palink, which operated the IKI banner. Approval follows ICA concession ICA announced it would acquire IKI in December 2016 for €213m. If allowed it would have combined its 60 store operation in the country with IKI’s 230. However, following the Competition Authori...
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...
16 August 2017
We round up the first half results from ICA and Axfood, while Coop Sverige reveals a change in CEO. Sweden H1: Axfood outperforms ICA Market leader ICA saw total consolidated net sales increase by 2.4% to SEK 52,182m (€5.5bn) . ICA Sweden saw first half net sales increased by 2.9% to SEK 37,398m (€3.9bn). ICA attributed growth to an increase in footfall and higher average basket. Elsewh...
16 May 2017
ICA has released a new report, 100 years ahead, following a survey and interviews with children born in the decade following the year 2000, highlighting their attitudes and approach to food in the future. 2040 food priorities: environment & health On the view of food in 2040, key findings were 'that it is environmentally friendly (54%), healthy (52%) and good (46%). Other highlights include...
03 May 2017
S Group has announced it is to close its Prisma stores in Latvia and Lithuania in June. The retailer currently operates three stores in Latvia and four in Lithuania. Profitability a key factor Commenting on the development, Executive Vice President Jorma Vehvilainen said, ‘At the beginning of this year, SOK began to revise its international business strategy, and came to the conclusion...
17 March 2017
We round up developments from Sweden's ICA and Denmark's Netto and KIWI as the retailers update on strategies, targets and tactics in tackling food waste in the region. Seven ICA stores are partnering with Food2change , a not for profit organisation, offering products that may have been previously wasted to individuals or families with low income. Sweden: ICA updates on partnership with ...
10 March 2017
Coop Sverige has released its results for 2016, reporting that store sales decreased by 4.2% to SEK 16.4bn (€1.7bn). The retailer partly attributed this the closure of stores, a reduced non-food range and the transition period where stores were converted to new concepts. However, the retailer saw operating income before items affecting comparability increase by 42.2% to SEK 236m (€24.7m). 2016...
23 December 2016
Swedish market leader ICA has agreed to acquire Lithuanian grocery retailer IKI for €213m, making ICA’s Rimi Baltic fascia the second largest grocery retailer in Lithuania. The deal is subject to approval from local competition authorities and this is expected to be confirmed by Q4 2017. ICA had lowest share in largest Baltic market Commenting on the development, ICA CEO Per Strömberg said,...