NorgesGruppen news

As we move firmly into the second half of the year, we round up the best retail/food-to-go fusion formats we’ve seen so far this year, and highlight a couple we are looking forward to seeing in H2. Fresh the Good Food Market, Camden St, Dublin This store lives and breathes food-to-go. The run of counters down one side of the store is a common feature in Fresh stores, and helps demonstrate t...

As part of IGD’s research programme, our team of analysts regularly travel the world visiting new concept stores. On a recent trip to Oslo, we visited over 20 stores, including new concept stores from leading grocery retailers, as well as smaller, niche operators. In this article we pick out five of our favourite concepts across different channels. 1. Circle K Source: IGD research For...

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...

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...

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 ...

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...

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...

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...

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...

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...