Denmark - News & Analysis

25 September 2014
As Metro Group considers exiting Denmark, the Dusseldorf-based retailer has extended the contract of its CEO Olaf Koch to 2018, launched an online store in Croatia and gained a listing amongst the world’s sustainability leaders in retailing.   Metro Cash & Carry to exit Denmark? Lack of growth opportunities in Denmark has prompted Metro to review its Danish Cash and Carry business in the ...
16 September 2014
Swedish grocery retailer ICA is to establish Starbucks cafés next to its grocery stores, following an agreement with Starbucks Coffee Company. The retailer plans to open three cafés in 2015, which will be evaluated prior to launching others. ICA CEO: ‘Part of our plan to strengthen our customer offering’ Commenting on the development, Per Strömberg, ICA CEO said ‘By adding the new bu...
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 ...
04 September 2014
Having delivered a strong set of first quarter results, Couche-Tard is planning on picking up the pace of new store developments and remodels. Planning 80 to 100 new stores Couche-Tard is off to a strong start. It recorded solid sales growth, with profitability growing at a quicker rate. In the absence of any large-scale acquisitions, the retailer is focusing on organic growth and improv...
13 August 2014
We round up the latest digital developments in Denmark, including the appointment of a new Group Digital Director at Dansk Supermarked and the extension of the online grocery service at Coop Danmark. Kenneth Nielsen joins Dansk Supermarked from leading online retailers Dansk Supermarked has recruited Kenneth Nielsen as Group Digital Director, reporting directly to CEO, Per Bank. Nielsen joi...
16 July 2014
Sainsbury's has confirmed two of the 15 sites that will host Netto stores as part of its joint venture with Dansk Supermarked to bring the discount fascia back to the UK. Standalone store at Moortown, Leeds Moortown, a suburb of Leeds, will be the location of one of the first standalone Netto stores. The site is at the centre of the area previously revealed as the target area for the Netto s...
08 July 2014
Couche-Tard’s fourth quarter merchandise and service revenues increased by 5.4% to $1.8bn, with total revenues increasing by 2.0% to $9.0bn. Net earnings over the period fell by 0.9% to $145.1m. For the full year, total revenues increased by 6.8% to $38.0bn, with net earnings up 41.8% to $812.2m. Merchandising strategies supporting same-store sales The growth in sales was mainly driven...
04 July 2014
Seven & I Holdings has reported a 7.9% increase in revenue and a 5.1% increase in operating income for the three months ended 31 May 2014, the first quarter of its FY2015 fiscal year. Convenience driving increases in operating income Operating income increases were mainly driven by increased profits in convenience operations. Same store sales improvements were a key factor in the growth a...
30 June 2014
Dansk Supermarked CEO Per Bank and Sainsbury's Mike Coupe provide new detail about how the joint venture will work and where the 15 trial stores will be. Discounter with a Danish twist In their interview with The Grocer, both Bank and Coupe commented on the Danish twist that Netto will have once it opens again in the UK and how they are confident this will give the discounter a "refresh...
30 June 2014
Danish Grocery retailer, Coop Danmark has opened a Fakta discount store at the Roskilde Festival, ‘the largest North European culture and music festival’ , which is running from 29th June – 6th July in Denmark. Anticipated to have the highest weekly revenue for the retailer The retailer anticipates that this week, the store ‘will be the chain’s largest in terms of revenue – and the smalles...