ICA news

16 June 2015
Following recent visits to key markets in northern Europe, Senior Retail  Analyst Harriet Cohen considers four trends shaping grocery retail across the region. This article was written by Harriet Cohen,  Senior Retail Analyst in IGD's international research team. Harriet is responsible for shaping IGD's research into  Sca...
28 May 2015
While retailers and manufacturers continue to compete on price, there are companies who are looking to deliver added value for shoppers without cutting prices. We consider five of the levers that are being used to offer added value, which we expect to see more of in 2015 and beyond. This article was written by Harriet Cohen,...
12 May 2015
As health and organic continue to play a key role in Swedish grocery retail, we explore the latest private label developments at ICA and the launch of Axfood’s new organic store. ICA launches new healthy private label range Market leader ICA has launched a new healthy private label range, ICA Gott Liv. The range includes fruit and vegetable alternatives to ‘carbohydrates like rice,...
22 April 2015
Swedish retailer Axfood has announced that it is to trial e-commerce, starting from today. Axfood revealed this development following its Q1 results, in which the retailer enjoyed a 6.9% increase in consolidated sales to SEK 9,566m (€1.03bn), an increase of 6.9% versus last year. Retail sales for group-owned stores increased by 5.8%, while like-for-like sales increased by 4.8%. Operating pro...
15 April 2015
Swedish market leader ICA has completed the sale of its underperforming Norwegian business to Coop Norge. Completion follows conditional approval in March In March, the Norwegian Competition Authority announced conditional of the sale of ICA’s 553 food stores; dependent on Coop Norge selling 93 of its stores. Read our view on how this is set to impact the Norwegian grocery market h...
24 March 2015
Kooperativa Förbundet (KF), the Swedish Cooperative Union which owns Coop Sverige, Sweden’s second largest grocery retailer, has revealed its 2014 results, reporting net sales of SEK 34.2bn (€3.7bn), alongside an operating loss of SEK 306m (€32.9m) or a net loss of SEK 49m (€5.3m). Comparative figures versus 2013 are unavailable given that the retailer launched its new structure, Coop Group on...
04 March 2015
The Norwegian Competition Authority has announced conditional approval of the sale of ICA’s Norwegian business to Coop Norge, Norway’s third largest retailer.  Meanwhile, in Sweden, ICA has revealed exciting developments in e-commerce. Norway: ICA sale is conditional on Coop Norge selling 93 stores The sale, which is anticipated shortly, is dependent on the sale of 93 of Coop Norge’s stores. ...
11 February 2015
Sweden’s largest grocery retailer has released its 2014 annual results, revealing that net sales excluding acquisition affects increased 5.0% to SEK 87,174m (€9.2bn). Sweden: All formats report positive like-for-likes In Sweden, net sales increased by 4.5% to SEK 71,026m (€7.5bn). This was largely attributed to higher sales in wholesale and Cura pharmacies. Additionally, all ICA formats perfo...
09 February 2015
The CEO of Coop Norge, Norway's third largest retailer, has announced that he is to step down from his role as CEO, citing ill health. The retailer has now begun its search to find a permanent successor. CEO had almost a 40 year career with Coop Norge Svein Fanebust has worked for the retailer for 37 years and had been CEO since 2013. He will continue to act as an advisor. New leader ...
27 January 2015
Leading Danish grocery retailer, Coop Danmark, is to open a pop up organic restaurant to coincide with Copenhagen Dining Week 2015 from Monday 9th February to Sunday 15th February. Dishes produced from private label organic products The restaurant, which will be called Ørma , will serve a three course menu  produced with 100% organic products are available as part of the retailer’s private...