Markets/Sweden/News

Sweden news & analysis

09 December 2022
In its Q1 results, Costco has reported total revenue growth of 8.1%, despite tough comparatives. Here we explore the factors underpinning this performance and its plans for 2023.    First quarter key numbers: Q1 total revenue up 8.1% to $53.4 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 7.1%, including up 6.5% in the US, 8.3% in Canada and 9.1% in other intern...
29 November 2022
Leading global convenience chain Couche-Tard, which operates as Circle K, is one of the most innovative in the channel. It continues to flex its approach in response to the current trading environment while also investing for the future. We highlight some of the programmes it has in place, many of which could be replicated by operators across different channels. Value food-to-go - it has ...
11 November 2022
Coop Sweden plans to expand its existing terminal for frozen goods in Enköping, to ensure that the capacity for frozen goods is in line with estimated customer growth. Source: Coop Sweden Coop’s central warehouse for frozen goods has been in Enkoping since 2011 and currently employs around 120 people. Örjan Grandin, CEO of Coop Logistik and deputy CEO of Cop Sweden, said “Coop's goods...
11 October 2022
American wholesaler, Costco, continues to expand into new international markets. We look at its plans for New Zealand and Sweden. First store opened in New Zealand In September, hundreds queued in the rain to visit Costco’s first store in New Zealand. The 14,800 sq. m store is in Westgate, on the north-western edge of Auckland. It features 800 parking spaces and a fuel station. It becomes o...
28 September 2022
Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...
25 July 2022
Axfood had a 29.3% growth in its first half of 2022 with net sales of SEK 35.1bn. Adjusted operating profits were SEK 1.5bn which was a 20.8% increase with an operating margin of 4.2%. The retailer saw an increase of 32.8% in the second quarter with a turnover of SEK 18.4mn. Adjusted operating profits amounted to SEK 828mn with an increase of 25.3% and an operating margin of 4.5%. Acquisition ...
03 June 2022
Couche-Tard, Circle K’s parent company, is partnering with tech-company, Mashgin, to roll-out its touchless checkout system to more than 7,000 stores over the next three years. Eight times faster than traditional self-checkout Described by the company as a “Smart Checkout” system, Mashgin has developed an AI-powered self-checkout system which can improve customer checkout times by as much as...
16 December 2021
As the channel continues to benefit from growing shopper interest, we look at developments in Sweden, France and the Netherlands. Axfood partners with online grocery retailer In Sweden, Axfood has partnered with online grocery retailer Mathem as the two parties look to create further synergies and build economies of scale. The strategic partnership will help the two develop their online off...
01 December 2021
Swedish market leader ICA has launched its first automated warehouse in partnership with Ocado in Brunna, Stockholm. This follows an initial announcement in May 2018 that the two companies would partner, with ICA investing SEK 1.1bn (€107.3m) in the warehouse and technology. Online accounts for almost 5% of sales at ICA Sweden In 2020, ICA achieved e-commerce growth of 117% in 2020. During ...
27 October 2021
Reitan Convenience has made one of its 'largest investments ever' , by opening PBX , its sustainable convenience store of the future, in partnership with design agency Reactor AB . In launching the concept, the retailer hopes 'to set a new standard for ourselves and for our industry' . In this feature, we highlight ten sustainable innovations that make PBX stand out. Source: Re...