ICA news

26 January 2015
ICA and Coop Sverige have announced that organic sales increased by 55% and 40% respectively in 2014, with organic now representing 7.7% of total sales at Coop Sverige. Different products driving the trend for both retailers Coop Sverige, which sells a range of 2,400 organic products, revealed that the most popular categories for organic products were baby food, eggs, oil/vinegar, fruit and...
23 January 2015
Leading Swedish grocery retailer ICA has confirmed the appointment of Anders Nyberg as the new CEO of its pharmacy operations. Anders Nyberg previously CEO of Apotek Hjärtat The move follows ICA’s purchase of Apotek Hjärtat, Sweden’s largest private pharmacy chain where Anders Nyberg was CEO. He will also become a member of ICA’s Executive Management team. Our view ICA is fortunate to r...
09 January 2015
The Swedish Competition Authority has approved ICA’s acquisition of Apotek Hjärtat, the country’s largest private pharmacy chain. Approval follows November announcement The move follows an announcement in November that the ICA, Sweden’s leading grocery retailer, was to acquire  Apotek Hjärtat in a transaction valued at SEK 5.7bn (€618.2m). ICA to combine existing and new pharmacy busine...
10 December 2014
Leading Swedish grocery retailer, ICA, has announced its strategic priorities for 2015. 10 areas of focus to ‘enable continued organic growth and improved profitability’: - Develop and utilise our leading loyalty programme (CRM) - Strengthen and grow the private label offering - Ensure competitive prices and price perception - Design ICA’s new pharmacy business and develop ICA’s posit...
09 December 2014
ICA, Sweden’s largest grocery retailer, has revealed that it plans to roll out contactless payment from 2015 in partnership with MasterCard. Additionally, ICA has advised that the Norwegian Competition Authority has extended its review of the sale of ICA’s Norwegian business to Coop Norge. ICA Bank’s 500,000 customers among the first to benefit As part of the transition, ICA Bank’s 500,0...
12 November 2014
Sweden’s leading grocery retailer ICA has reported its Q3 results, posting a 5.8% increase in net sales to SEK 22bn (€2.4bn). This comes alongside a surprise announcement to acquire Sweden’s largest private pharmacy chain, Apotek Hjärtat for SEK 5.7bn (€618.2m). Sweden and the Baltics continue to perform Q3 net sales in Sweden increased by 4.8% to SEK 18bn (€1.9bn) driven by sales in p...
05 November 2014
Sweden’s leading grocery retailer, ICA will test its online platform in four stores in Östergötland, a province in southern Sweden. Deliveries to be picked in-store using existing staff The online platform will be tested in four stores in the retailer’s convenience and supermarket portfolio: ICA Nära Boxholm, ICA Nära Fornåsa, ICA Nära Tjällmo and ICA Supermarket Åtvidaberg. The retailer...
06 October 2014
Sweden’s largest grocery retailer, ICA has sold its underperforming Norwegian food business to Coop Norge, Norway’s third largest grocery retailer for SEK 2.8bn ($385m). The sale is still subject to approval by the Norwegian Competition Authority. Decision follows strategic review of ICA’s Norwegian business ICA conducted a strategic review of its Norwegian business after the Norwegian C...
06 October 2014
In an interview with Swedish newspaper Dagens Nyheter , Coop Sverige’s new CEO Sonat Burman-Olsson has set out the retailer’s ambition to return to profit by 2017. Focus will be on driving sales volumes The retailer’s return to profit will primarily be driven by a focus on sales volumes. Efficiency drive, a focus on ranges, prices and families According to Burman-Olsson, the reta...
16 September 2014
Swedish grocery retailer ICA is to establish Starbucks cafés next to its grocery stores, following an agreement with Starbucks Coffee Company. The retailer plans to open three cafés in 2015, which will be evaluated prior to launching others. ICA CEO: ‘Part of our plan to strengthen our customer offering’ Commenting on the development, Per Strömberg, ICA CEO said ‘By adding the new bu...