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Insights

K-Citymarket Järvenpää is a must visit, especially for those considering best-in-class large store formats, fresh produce or counters.

This in-depth guide to Finland explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.

We look at five key trends set to shape the Western Europe in 2020. 

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Three developments from retailers in Sweden, Finland, and Denmark as they look to build their online and digital skill and scale.

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Finland’s Market Court has announced its decision to block Kesko’s acquisition of Heinon Tukku. Acquisition announced in May 2019 The retailer revealed its intention to purchase the wholesale business, in May 2019, from family-owned company Tukkuheino Oy and private individuals. Commenting on the decision, President of Kesko’s grocery trade division, Ari Akseli, said: “Naturally, we woul...
Finland-based Kesko reported sales through its grocery trade subsidiary rose 2.7% in total in 2019, to €5.5 bn. It said on a comparable basis, sales rose 3.2%, while its operating profit advanced by €33.4m to €327.9m for the year. Kesko highlighted how the results were driven by its continued adherence to the strategy it set out in 2015 ‘ and its successful execution ’. Success ‘ founded on go...
Sweden-based ICA and Axfood have reported a 3.4% and 5.7% increase in consolidated net sales respectively. Meanwhile, Finland-based Kesko saw a 6.1% increase in net sales. ICA: 3.4% sales increase ICA Sweden saw consolidated net sales increase by 3.4% to SEK29,818m (US$3,079m) in Q3 2019. Operating profit, excluding items affecting comparability, for the period was SEK1,599m (US$165m) and...

We talk to the winners of the IGD Store of the Year award 2019 to understand how the store has advanced, how it is adapting in the face of COVID-19 and plans for the future

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