Coop Norge news

We highlight case studies from the Nordics where retailers have been fundraising for a key cause during October and November. Themed private label products, donating a percentage of product turnover and encouraging shoppers to donate are among the tactics used. 1. Sweden: ICA raises €5.5m for the Pink Ribbon campaign with themed private label, bracelets and donations Source: ICA I...

We look at how Sweden-based, Axfood-owned Hemköp is rolling out its latest concepts. Meanwhile, Norway-based, Coop Norge-owned Extra has opened its first 24-hour, self-service grocery store in Oslo. Hemköp: trials new meal concept Hemköp is trialling a new meal concept, Take Away, in its store in the Mall of Scandinavia. Commenting on the launch, Hemköp’s CEO Thomas Gäreskog said, “Althoug...

As part of IGD’s research programme, our team of analysts regularly travel the world visiting new concept stores. On a recent trip to Oslo, we visited over 20 stores, including new concept stores from leading grocery retailers, as well as smaller, niche operators. In this article we pick out five of our favourite concepts across different channels. 1. Circle K Source: IGD research For...

We highlight the latest developments from the discount channel in the Nordics. This includes expansion, range innovation, store refurbishments, technology advancement and new appointments. Norway: Coop Norge operating additional 100 discount stores in 2018… Norwegian discounter Coop Norge hopes to operate an additional 100 stores this year. This will be largely driven by store conversions ...

REMA 1000, discount banner of Norway’s Reitangruppen has launched a new loyalty programme, Æ, today (5th January). Competitors NorgesGruppen and Coop Norge were quick to respond, with loyalty scheme enhancements of their own. Benefits: 10% off frequent purchases & fresh produce 10% discount on ten frequently purchased items 10% discount on fresh produce Dedicated app, Æ Commen...

Coop Norge has reduced its management team from 24 to 11 people and has made 650 employees redundant, following its acquisition of ICA, according to an interview with CEO Geir Inge Stokke in Aftenposten. Streamlined team to improve efficiency and decision making Stokke, who became CEO in November commented, '24 people who report to me are simply too many. It is not effective ... We ne...

Following recent visits to key markets in northern Europe, Senior Retail  Analyst Harriet Cohen considers four trends shaping grocery retail across the region. This article was written by Harriet Cohen,  Senior Retail Analyst in IGD's international research team. Harriet is responsible for shaping IGD's research into  Sca...

Swedish market leader ICA has completed the sale of its underperforming Norwegian business to Coop Norge. Completion follows conditional approval in March In March, the Norwegian Competition Authority announced conditional of the sale of ICA’s 553 food stores; dependent on Coop Norge selling 93 of its stores. Read our view on how this is set to impact the Norwegian grocery market h...

Norwegian market leader Norgesgruppen has revealed its 2014 results, reporting a 5.9% increase in turnover to NOK 71.4bn (€8.3bn), despite the fact that ‘competition among retailers is great and the market is characterized by tough price competition’ . Operating profit rose 12.2% to NOK 2.95bn (€343m). According to Norgesgruppen, all formats improved sales and profitability. CEO: ‘We want to dev...

The Norwegian Competition Authority has announced conditional approval of the sale of ICA’s Norwegian business to Coop Norge, Norway’s third largest retailer.  Meanwhile, in Sweden, ICA has revealed exciting developments in e-commerce. Norway: ICA sale is conditional on Coop Norge selling 93 stores The sale, which is anticipated shortly, is dependent on the sale of 93 of Coop Norge’s stores. ...