Finland - News

K Group’s Food Phenomena 2023 trend study* reveals four everyday food trends for 2023: Smart solutions focusing on budget-friendly dishes Importance of healthy eating In difficult times, indulgences and treats improve your mood    Desire for speedier grocery shopping experience 1. Smart solutions focusing on budget-friendly dishes The current financial situation is influenc...

Finland's Kesko has reported an increase in demand for its private label products, as shoppers seek cost savings and high-quality alternatives. Source: Kesko Price conscious shoppers boost private label demand In its most recent K-Barometer survey, 62% of Kesko’s shoppers said they would buy more of the store’s own brand products. This has also been reflected in the sales data, with sal...

Finland’s second largest retailer, Kesko, has a new automated fulfilment system to support its online grocery business. Bringing efficiency to its online delivery model To delivery its strategy of offering the best multi-channel experience to customers, Kesko has strengthened its online grocery operation with an automated fulfilment system. The system has been installed by intelligent autom...

S group’s first half of 2022 performs +9% on 2021 with a turnover of €6.42bn. This was even better when looking at 2019 with 13% growth. This is growth on an already strong 2021 where the company grew 5.3%. Supermarket sales surpass pre-pandemic levels Supermarket retail took €4.64bn which was +14.1% against 2019 and +1.8% vs 2021. Hannu Krook, CEO of SOK explained ‘Nationally, our retail sal...

In 2021 Kesko took €11.3bn which was +8.2% against the previous year with the grocery trade growing 3.1%. This year the retailer has already taken €5.9bn which is +5.2% vs 2021. Grocery trade reports a 3.6% growth in H1 on top of 3.1% growth in 2021 The grocery sector of the business has already taken £2.96bn (+3.6%) in H1 and from April to June the growth was 5.2% vs 2021. In the month of Ju...

Finland’s Kesko announced it has updated it sustainability strategy. The retailer aims to continue its sustainability journey by staying ahead of the competition. Previously, Kesko has made the Global 100 Most Sustainable Corporations in the World list by Corporate Knights. Kesko’s sustainability strategy The retailer’s sustainability strategy focuses on four areas: Climate and nature S...

Finland's Kesko has grown its market share by 5% since 2014 and doubled its operating margin since that time too. Its hypermarkets and supermarkets account for 60% of grocery sales. As is the case in much of Europe, Kesko’s large stores have outperformed other physical store channels during the pandemic. Hypermarket sales grew by 13% in 2020, while supermarket sales increased by 9%. K-Citym...

We round up the latest online grocery news in the Nordics where: Sweden’s ICA has opened its first warehouse in partnership with Ocado Salling Group has launched online at its føtex banner in Copenhagen Salling Group has opened its first automated click and collect point Norway’s Kolonial has secured a €223m investment to rebrand and expand in Europe Many of these developme...

In 2020, despite the Coronavirus (COVID-19) pandemic, there was significant format innovation in the Nordics, especially so in Sweden. This theme has continued into 2021, with several new concepts launching so far this year already. Last month, we published an exclusive article, 10 Nordic stores to visit in 2021 . We described that the region offers something for everyone to be inspi...

In our recent Western European outlook 2021 article, we highlighted ‘Stepping up on sustainability’ as one of five trends that we expect to shape grocery retail in 2021. This is especially the case in the Nordics, where sustainability remains at the heart of retailer strategies despite the COVID-19 pandemic. In 2020, the World Economic Forum in Davos revealed the Global 100 Most Sustainable ...