NorgesGruppen news

28 August 2015
Norwegian market leader NorgesGruppen has revealed its results for the first half of 2015, reporting a 5.7% increase in operating revenue to NOK 35,978m (€3.8bn). The retailer acknowledged that growth was largely organic, while the acquisition of ICA had ‘contributed positively’ . Elsewhere, there have been reports that a new online grocery retailer is set for launch in the market. Norges...
18 June 2015
Norwegian market leader NorgesGruppen has made a series of recent announcements, including a partnership with Esso and the conversion of some Ultra stores to the MENY banner. Ten year partnership with Esso Norway AS NorgesGruppen has signed a ten year agreement with Esso Norway AS, which will see Norway Servicehandel AS operate 106 Esso shops and car washes throughout the country. The d...
16 June 2015
Following recent visits to key markets in northern Europe, Senior Retail  Analyst Harriet Cohen considers four trends shaping grocery retail across the region. This article was written by Harriet Cohen,  Senior Retail Analyst in IGD's international research team. Harriet is responsible for shaping IGD's research into  Sca...
15 April 2015
Swedish market leader ICA has completed the sale of its underperforming Norwegian business to Coop Norge. Completion follows conditional approval in March In March, the Norwegian Competition Authority announced conditional of the sale of ICA’s 553 food stores; dependent on Coop Norge selling 93 of its stores. Read our view on how this is set to impact the Norwegian grocery market h...
27 March 2015
Norwegian market leader Norgesgruppen has revealed its 2014 results, reporting a 5.9% increase in turnover to NOK 71.4bn (€8.3bn), despite the fact that ‘competition among retailers is great and the market is characterized by tough price competition’ . Operating profit rose 12.2% to NOK 2.95bn (€343m). According to Norgesgruppen, all formats improved sales and profitability. CEO: ‘We want to dev...
04 March 2015
The Norwegian Competition Authority has announced conditional approval of the sale of ICA’s Norwegian business to Coop Norge, Norway’s third largest retailer.  Meanwhile, in Sweden, ICA has revealed exciting developments in e-commerce. Norway: ICA sale is conditional on Coop Norge selling 93 stores The sale, which is anticipated shortly, is dependent on the sale of 93 of Coop Norge’s stores. ...
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...
28 March 2014
Norgesgruppen, Norway’s largest grocery retailer has released its 2013 results, reporting an 8.6% increase in operating income to NOK 67.5bn (€8.1bn). Operating profit increased by 2.5% to NOK 2.6bn (€313m). Market share gains The retailer reported market share gains of 0.8% to 39.3% in 2013. CEO: ‘We have seen good growth … in a market characterized by fierce competition’ Commenting o...
13 February 2014
The Norwegian Competition Authority has advised that they plan to stop cooperation between ICA Norway and Norgesgruppen. The retailers have until April 25th to submit their comments, after which the Norwegian Competition Authority will share their decision. Appeal cannot be made yet After this point, an appeal can be made. According to a press release from ICA, the retailer is undecided as to ...
17 December 2013
The Norwegian Competition Authority has announced that its review of the agreement between Norgesgruppen and ICA Norway on joint sourcing and distribution is to be extended until the end of February 2014. Initial cooperation between Norgesgruppen and ICA took effect in April On April 1st this year, the agreement between ICA Norway and Norgesgruppen’s wholesale company, Asko, took effect. This ...