Denmark - News & Analysis

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...
20 April 2017
In separate announcements, Dansk Supermarked has appointed Michael Løve as Netto International's executive vice president, while also noting that it has enjoyed revenue growth of 0.7% in 2016. Revenue growth in the face of challenging market conditions Dansk Supermarked said revenue rose by 0.7 %, or DKK727m (US$104.8m), seeing it generate revenue of DKK57.9 bn (US$8.3 bn) in 2016. The comp...
13 April 2017
We round up the latest developments from Netto in Sweden including the CEO’s departure, expansion plans and new concept stores. CEO Bernt Holm resigns… In late March, Netto Sweden’s CEO Bernt Holm resigned, with Jan Richter, former purchasing director taking over as acting president. This follows previous news that parent company Dansk Supermarked Group is also to recruit a new dir...
11 April 2017
We bring you news from Coop Danmark, including its 2016 results, online developments and new hypermarket concept. 2016 revenue declines 1.1%, profit by 59.8% Coop Danmark has reported that its 2016 revenue excluding VAT decreased by 1.1% DKK 44.7bn (€6.01bn). Profit also dropped by 59.8% to DKK 254m (€34.2m). Profit declines driven by market slowdown, store closures & investments Th...
17 March 2017
We round up developments from Sweden's ICA and Denmark's Netto and KIWI as the retailers update on strategies, targets and tactics in tackling food waste in the region. Seven ICA stores are partnering with Food2change , a not for profit organisation, offering products that may have been previously wasted to individuals or families with low income. Sweden: ICA updates on partnership with ...
07 March 2017
Reitangruppen has reported its 2016 results, with turnover increasing by 4.26% to NOK 89.21bn (€9.95bn), while operating profit increased by % to NOK 3.98bn (€444.12m). Reitangruppen revealed it has also invested NOK 8.2bn (€915m) in stores, stations, logistics and industry in the last five years. REMA 1000 turnover: +7.05% The retailer’s discount banner, REMA 1000, which represents th...
28 February 2017
We round up news from the Nordic discounter. This includes 2016 revenue excluding VAT growth in Denmark of 8.2% to DKK 12.3bn (€1.66bn) and a new non-meat based protein range in Norway. Targeting 400 stores in Denmark… Commenting on the results, the CEO of REMA 1000’s Danish business said, ' Our continued growth in 2016 is an indication that we hit Denmark’s changing consumer behaviour … We...
27 February 2017
We round up the latest news from Dansk Supermarked’s Netto discount format, including the recruitment of a new director for Netto International, as well as news from Poland including a new store concept and vegan-vegetarian private label range. Recruiting new director for Netto International The discount chain is to recruit a new director for Netto International, replacing Claus Juel-Je...
11 January 2017
We report on the latest developments at the Danish market leader including how it is supporting Danes to lead a healthier lifestyle and its new smartphone self-checkout capability. Promoting a healthier lifestyle with a focus on vegetables… In 2017, Coop Danmark’s stores will launch a range of initiatives to inspire shoppers to eat healthier. The retailer is starting the campaign this week,...
09 January 2017
Discount retailer Netto is renewing its focus on organic, as it launches a new organic range in Sweden and is running an organic-themed competition in Denmark. Sweden: new organic private label range for 2017 Netto is launching a new organic private label range this year, Go Eko (Go Organic), as it looks to capitalise on the growing popularity of organic products in Sweden. Source: N...