Iceland news

22 September 2020
As Christmas products are starting to hit the shelves, retailers and suppliers are hopeful that despite conditions, shoppers will be looking for little luxuries at the end of the year. We explore six themes for Christmas this year and what retailers are doing to help create an exciting festive season. More time spent at home With concerns about the virus, people will be spending more time a...
17 September 2020
The Grocer magazine has reported that Iceland has launched a trial to bring Bargain Booze branded concessions into its Food Warehouse stores, to boost alcohol ranges and bring greater focus to the offer. Extends Food Warehouse alcohol range to 1,000 lines The trial stores at Cheltenham, Poole and York now have dedicated Bargain Booze sections comprising 1,000 lines, more than doubling the e...
15 September 2020
Market growth once again slowed in this reporting period as shoppers continued to return to their pre-Covid behaviours, and many stopped shielding. In the 12 weeks ending 6th September take home grocery sales grew by 10.8%, according to Kantar. This was the fifth month to see double digit growth, however was a slowdown compared to the 14.4% growth seen in the previous reporting period. We l...
14 September 2020
Like all the major retailers, Iceland has seen a huge surge in demand for online delivery this year. We look at how the retailer has responded to this. Trial partnership with UberEats Iceland is partnering with UberEats to trial a 20-minute delivery service from its store in Hackney, London. Shoppers can use the UberEats app or website to order groceries from the retailer. The range offe...
18 August 2020
In the 12 weeks ending 9th August take home grocery sales grew by 14.4%, according to Kantar. This was a slight slowdown compared to the 16.9% growth of the previous reporting period. Growth slowed as restrictions eased further and shoppers began to return to their normal habits, with average spend declining and frequency of visit increasing. We look at the results in more detail and the lates...
23 July 2020
In this article we look at Iceland's positive sales growth in FY19 and the impact of COVID-19 on the frozen food category as a whole. Iceland FY19: strong sales growth alongside fall in profit Frozen food specialist Iceland has released its FY19 results for the 52 week period to 27th March 2020. They reveal positive revenue growth, however a reduction in profits. Sales +5.6% to £3,1...
21 July 2020
Take home grocery sales continue to rise, with 16.9% growth in the 12-week period up to 12th July, according to Kantar. This was the fastest growth on record since 1994, showing what a significant impact the pandemic is having on shoppers' behaviour. The 12 weeks include sales after the initial phase of strict lockdown in April, capturing the three months following this of eased restrictions for ...
14 July 2020
Joint managing director of Iceland, Nigel Broadhurst, has stepped down from his role, according to Companies House. Who is Nigel Broadhurst? Nigel Broadhurst has held his position as joint director of Iceland Foods and Iceland Topco since 2012. He has worked in this role alongside Richard Walker. After initially starting with the business in 1983, Broadhurst left Iceland to work for various...
23 June 2020
In the 12-weeks prior to 14th June take home grocery sales grew 13.7% year-on-year, according to the latest figures from Kantar. This is a slight slow down from the previous 12-week period where sales growth was 14.3%. We explore the growth in more detail and look at key retailers' performance. Shopping patterns remain severely disrupted This 12-week period captures the full lockdown period...
09 June 2020
Iceland's founder and executive chairman, Sir Malcolm Walker and chief executive officer Tarsem Dhaliwal have taken full ownership of Iceland after buying out its remaining external investor Brait. The next step in Iceland's future Iceland has been owned by various parties throughout its history, with Brait undertaking a management buyout in 2012. The South African investment company had a ...