ICA news

27 April 2016
We share the latest online developments in the Swedish grocery market including ICA’s new e-commerce solution, Coop Sverige’s partnership with Gastrofy and Axfood’s e-commerce plans. ICA: trialling new e-commerce solution In what it believes is a world first, Swedish market leader ICA has partnered with digital lock company Glue and PostNord in a trial where it can deliver products st...
07 March 2016
Coop Sverige has reported its 2015 results, revealing a 5.6% decline in net sales to SEK 32,345m (€3.45bn). Despite declining sales, the retailer returned to profit, reporting an operating profit of SEK 108m (€11.56m), versus an operating loss of SEK 306m (€37.2m) in 2014. Store closures, price and non-food range reduction Retail sales decreased by 3.4% to SEK 17,265m (€1.85bn), which ...
10 February 2016
Swedish market leader ICA has revealed that it achieved consolidated net sales of SEK 101,221m (€10.7bn) in 2015, an increase of 5.6% excluding acquisition and divestment effects. Profit for the year was (€518.1m). Swedish sales +4.9%, strongest growth in hypermarkets In Sweden, ICA’s net sales grew by 4.9% to SEK 72,624m (€7.7bn). The retailer achieved growing sales and like-for-like sa...
28 January 2016
Coop Norge has reduced its management team from 24 to 11 people and has made 650 employees redundant, following its acquisition of ICA, according to an interview with CEO Geir Inge Stokke in Aftenposten. Streamlined team to improve efficiency and decision making Stokke, who became CEO in November commented, '24 people who report to me are simply too many. It is not effective ... We ne...
15 December 2015
ICA has advised that its online grocery service is now available in 150 stores, with a similar number of stores registering their interest to offer the service. A separate announcement has revealed the closure of the retailer's ICA to go convenience format. Online now available in 150 stores At the retailer’s recent capital markets day in Stockholm, ICA advised that its’ online grocery ...
04 December 2015
Swedish market leader ICA has shared the priorities for its business in 2016. Ten areas of focus to ‘develop, improve and grow our business’: • ‘Develop leading CRM and build a common Swedish loyalty program • Ensure competitive pricing and fair price perception • Build ICA’s overall health offering and position • Strengthen the non-food offering, leveraging Hemtex (new for 2016) ...
30 October 2015
As Starbucks releases impressive Q4 and full year trading figures, we look at the results highlights and three new routes to growth. Strong FY and Q4 results Results for the year impressed, with total revenue up by 17% to USD19.2bn. Operating income grew at a similar rate, up 17% to USD3.6bn, delivering an substantial operating margin of 18.8%. Same store sales grew by 7% over the year, an...
07 September 2015
Swedish retailers Axfood & Coop Sverige have revealed major investments in their businesses, including in online grocery services, new store formats and new price campaigns. Axfood: e-commerce to launch in Sweden’s biggest cities Axfood has revealed that it will launch e-commerce early next year in three Sweden’s three largest cities; Stockholm, Gothenburg and Malmö following an employe...
28 August 2015
Norwegian market leader NorgesGruppen has revealed its results for the first half of 2015, reporting a 5.7% increase in operating revenue to NOK 35,978m (€3.8bn). The retailer acknowledged that growth was largely organic, while the acquisition of ICA had ‘contributed positively’ . Elsewhere, there have been reports that a new online grocery retailer is set for launch in the market. Norges...
19 August 2015
Sweden’s ICA has revealed its first half results, reporting a 17.0% increase in net sales to SEK 49,215m (€5.2bn). Operating profit, however, declined by 13% to SEK 1,842m (€195.14m). Sweden: all grocery formats report growing like-for-likes ICA Sweden, which represents the highest share of sales, saw net sales growth of 5.6% in the first half to SEK 35,564m (€3.8bn). All grocery formats...