Reitan Handel news

04 September 2014
Norway's Reitangruppen has reported an 8.7% increase in group revenue for the first half of 2014, and operating profit down 6.2%. Discount banner Rema 1000 outperforms Rema 1000 reported a revenue increase of 10.3%, but operating profit was down 1.8%. Reitan Convenience was the only segment to report growth in both revenue and operating profit (+4.9% and +7.0% respectively). Uno-X Group saw ...
21 March 2014
Reitangruppen, Norway’s second largest grocery retailer has released its 2013 results, reporting a 6.9% increase in turnover to NOK 77bn (€9.2bn). Reitangruppen, Norway’s second largest grocery retailer has released its 2013 results, reporting a 6.9% increase in turnover to NOK 77bn (€9.2bn). Double digit growth in Norway Total Norwegian turnover increased by 12.4% to NOK 53.4bn (€6.4bn), w...
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 ...
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....
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...
20 March 2013
Norwegian retail group, Reitangruppen has reported stellar performance in 2012, increasing sales by NOK8bn to a total of NOK71.7bn. Solid performance across all divisions All four divisions of the group saw sales rise, with a strong performance at  discount banner Rema 1000. Sales rose 11.6% across Rema, with Denmark delivering the strongest performance, up by 19.5% year on year. CEO of ...