Denmark - News & Analysis

01 August 2017
Dansk Supermarked owned Netto has announced the resignation of its Poland CEO, Kent Fogh Petersen. Alan Jensen, IT Director at Dansk Supermarked will replace him on a temporary basis, until the retailer appoints a permanent successor. Recruitment underway as retailer looks to 'accelerate our expansion' Morten Møberg Nielsen, Vice President of Netto International said, ‘We have great ambi...
20 July 2017
We round up the latest news from Denmark as Netto updates on its KIWI conversion plans, while Coop Danmark trials vegan-vegetarian departments in Irma stores. Netto opens three newly converted stores Following parent company Dansk Supermarked’s acquisition of the leases of 81 KIWI stores from Dagrofa, Netto has opened three newly converted stores. Netto is set also open a further 40 new sto...
10 July 2017
We review the Coop Crowdfunding initiative, highlighting how it works and its success so far, as well as spotlighting successfully funded projects and current projects. How does it work? Danes can support food producers to raise funds in two ways: By lending producers money to achieve their goals. This works in a comparable way to a loan, with investors paid interest when a project...
27 June 2017
We round up the latest news from Dansk Supermarked as Netto gets ready to open a further 60 stores and Dansk Supermarked acquires a stake in Skagenfood. Netto opens 60 new stores in coming months… Dansk Supermarked’s Netto format is to open 60 new Netto stores in the coming months. This follows Dansk Supermarked’s acquisition of 81 former KIWI discount stores from Dagrofa, half of which ...
13 June 2017
We share the latest news from Denmark as Dansk Supermarked takes over Dagrofa’s KIWI stores, while Coop Danmark offers delivery by bicycle in partnership with FETCH. Dansk Supermarked takes over 80 KIWI stores Dansk Supermarked Group is acquiring around 80 KIWI leases for existing stores and new sites from competitor Dagrofa. Dansk Supermarked Group plans to convert these stores to the Nett...
31 May 2017
We round up the latest news from Denmark as Aldi closes 32 stores and Coop Danmark wins an award for its app. Aldi closes 32 stores to invest larger 'more modern shops' ... Aldi has closed 32 of its 220 stores in Denmark, following reporting a loss of DKK 243m (EUR 32.7m) in 2016. The retailer has reported losses in Denmark since 2010. Commenting on the development, Thomas Bang of Aldi ...
23 May 2017
Dagrofa has revealed its 2016 results, reporting that turnover dropped by 6.7% to DKK 18,592m (€2.5bn). The retailer attributed this decrease to divestments, including that of its Pisiffik business in Greenland. Dagrofa also reported a loss of DKK 655m (€88.0m) during the year driven by its KIWI discount banner, which is now being closed. CEO: shift towards local, quality, wholesale and foodse...
11 May 2017
We report on the latest news as the country's biggest discount store opens, retailers address food waste and the growing role of crowdfunding. Netto introduces Denmark's biggest discount store... Netto has introduced the country's largest discount store, a 2,000 sq. m store in Amager. Brian Seemann Broe, director of Netto said the new store would be 'a super-modern and extremely invitin...
10 May 2017
Lidl is reconsidering key investment projects due to complexities and cost implications. Lidl reconsiders project investments due to complexities Lidl has been working on three large investment-heavy projects in the last year. It has been preparing market entry to the USA, it planned to invest in a convenience store concept 'Lidl Express' with click & collect in select stores in Germany...
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...