NorgesGruppen news

23 March 2018
Norwegian market leader NorgesGruppen has reported full year results. The numbers showed the strength of its multichannel, multi-brand strategy, but underlined how it had to sustain investment in its operations, with its operating profit falling during 2017. NorgesGruppen said its operating profit had been affected by the restructuring of Denmark-based Dagrofa, in which it has a 48.9% stake. T...
09 March 2018
We share some of the latest private label innovations from the Nordics as retailers invest in traceability, transparency and trust, while providing meal for tonight inpiration. Dansk Supermarked makes its private label tuna traceable Dansk Supermarked has taken its sustainability efforts to the next level by making its private label canned tuna traceable. Shoppers will be able to enter a...
15 January 2018
We highlight the latest developments from the discount channel in the Nordics. This includes expansion, range innovation, store refurbishments, technology advancement and new appointments. Norway: Coop Norge operating additional 100 discount stores in 2018… Norwegian discounter Coop Norge hopes to operate an additional 100 stores this year. This will be largely driven by store conversions ...
07 September 2017
Norwegian market leader NorgesGruppen has reported its results for the first half of 2017. It reported an 8.1% increase in revenue to NOK 41,769m (€4.5bn) versus the same period last year. However, operating profit declined by 2.6% to NOK 1,398m (€150.6m), while operating margin dropped to 0.4% to 3.3%. Growth in KIWI & SPAR NorgesGruppen cited market share growth from the KIWI discount for...
22 August 2017
We round up the latest developments from Sweden as Netto appoints a new country director and NorgesGruppen acquires Axfood’s minority stake in Eurocash. Netto appoints Anders Wennerberg as country director… Discount chain Netto has appointed Anders Wennerberg as country director in Sweden. Wennerberg brings extensive retail experience, previously holding senior roles at ICA, Coop Sverige an...
21 June 2017
We round up the latest news from Norway as Circle K trials new forecourt concepts and subscription service Adams Matkasse gains approval to acquire rival Godtlevert.no Circle K trials new forecourt concepts Forecourt operator Circle K is trialling a new concept at five locations in Norway. The forecourt at Økern, which claims to be the country’s first forecourt with solar panels on the r...
28 April 2017
Dagrofa has decided to close its KIWI discount chain of 103 stores, which currently accounts for 9% of consolidated revenue. As a result, the discount banner, which was established in 2008 will see around 30 stores converted to either the SPAR or MENY banners, while the remaining stores will be closed. Profitability challenge, future focus on local & quality Dagrofa cited that despite ‘mas...
31 March 2017
NorgesGruppen has reported its results for 2016, reporting that revenue increased by 5.2% to NOK 80,162m (€8.8bn). Profit after tax grew by 4.4% to NOK 2,465m (€269m). CEO: competition from food-to-go, eating out, the specialists & commerce' Commenting on the results, CEO Runar Hollevik said, ‘Grocery stores are experiencing increased competition from other marketing channels such as f...
25 January 2017
We bring you the latest developments from the two countries. This includes Axfood & NorgesGruppen’s acquisition of Eurocash AB, Axfood’s approval to acquire Matse Holding and Coop Sverige's new online appointment. Axfood & NorgesGruppen to acquire Eurocash AB... Sweden’s Axfood and Norway’s NorgesGruppen have reached an agreement to acquire Eurocash AB, a leading food-retailer on the ...
05 January 2017
REMA 1000, discount banner of Norway’s Reitangruppen has launched a new loyalty programme, Æ, today (5th January). Competitors NorgesGruppen and Coop Norge were quick to respond, with loyalty scheme enhancements of their own. Benefits: 10% off frequent purchases & fresh produce 10% discount on ten frequently purchased items 10% discount on fresh produce Dedicated app, Æ Commen...