NorgesGruppen news

16 December 2013
If the Norwegian Competition Authority approves cooperation between Norgesgruppen and ICA Norway, Coop Norge, Norway’s third largest retailer will partner with Rema 1000, the discount format of Reitangruppen. 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....
31 October 2013
Emily O’Neill looks at three private label trends that are shaping global strategies. In many markets, shoppers‘ attitudes towards private label ranges have changed dramatically over the past five years, and retailers are increasingly using their private label strategy as a key tool to differentiate their offer and build brand identity. 1. Interacting with shoppers Retailers are ...
30 September 2013
The Norwegian Competition Authority has suspended cooperation between ICA Norway and Norgesgruppen on joint sourcing and distribution until January 10th, 2014. Initial cooperation took effect in April On April 1st this year, the agreement between ICA Norway and Norgesgruppen’s wholesale company, Asko took effect. This allowed ICA to supply its existing network of c.600 Norwegian stores more c...
30 August 2013
Nor gesGruppen has reported its first half results with sales of NOK 32bn, an increase of 7.6%, while profit has decreased. Sales growth of 7.6% as operating profit falls by 16.1% Despite strong sales growth, operating profit declined by 16.1% to NOK 1.2bn and pre-tax profit by 15% to NOK 1.1bn. Operating margin also fell to 3.8% from 4.8% the previous year. New discounter stores drive g...
19 June 2013
Reitangruppen could be poised to take over ICA’s stores in northern Norway, according to press reports. Transaction involves 108 stores in the north Ealier in the year, ICA entered into an agreement with Norgesgruppen in order to improve its commercial advantage in the market. However, the deal is pending a decision from the Competition Authority. If the deal is not given permission f...
21 March 2013
Norwegian retail group Norgesgruppen has reported strong revenue growth of 5.9% in 2012, rising to NOK62.1bn, and continues to grow its market share. Positive performance across the group Operating profit was healthy at NOK2.6bn, up 4.6% on 2011. Growth was driven by the Kiwi discount stores and its convenience banners including Joker and Spar. Meny stores also performed well, although not a...
24 January 2013
Norway's largest retailer has acquired Scandinavia Holdings' stake in Danish retailer Dagrofa. Retailers to become shareholders Norgesgruppen has entered into a conditional agreement with Scandinavia Holdings and KFI which sees it take over Scandinavia Holdings 55% share of the  Dagrofa business. It has also signed an ownership deal with KFI regarding the future ownerhsip and cooperation in...
14 January 2013
In a major strategic move, ICA Norway has entered into an agreement with Norgesgruppen, aiming to improve its commercial advantage in the market. Coordinated sourcing and distribution The cooperation with Norgesgruppen will take effect from April 1, 2013, and coordinates distribution and logistics between ICA Norway and Norgesgruppen’s wholesale company, Asko. The changes, which will come i...