Axfood news

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 ...

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...

With private label share of sales rising across much of Western Europe, we’ve published a series of three brand new reports for IGD Retail Analysis subscribers: Private label in Europe Private label trends in Western Europe 10 retailers winning in private label in Western Europe Here are some of the key highlights: 1. France, Portugal and Spain are am...

European retailer alliance EMD has appointed a new president. Johan Neuman becomes new president EMD has appointed John Neuman as its new president, taking over from Maniele Tasca, who has held the position since 2017. Neuman, who has been a member of EMD’s board of directors since 2007, is the general manager for private label at Dagab, the purchasing and logistics arm of Sweden's Axfood. ...

After an unprecedented year, two leading Swedish retailers, ICA and Axfood have released their 2020 annual reports, while ICA recently ran a virtual Capital Markets Day event. In this article, we reveal the channel trends driving this exceptional year in Sweden and report on the impact on retailer strategy. Next week, we’ll consider the shopper trends and retailer priorities for IGD Retail A...

Amazon has announced plans to launch in Sweden, the Nordic region’s largest grocery market. Here we consider which FMCG categories it usually prioritises and report on the online performance of leading Swedish grocery retailers. First launch in a Nordic country Launching in Sweden will see Amazon’s entry into the Nordics. Customers in Sweden can already shop on Amazon through other European...

With the Coronavirus (COVID-19) pandemic linked to a marked shift towards online grocery, Sweden’s Axfood has made a series of timely investments in this fast-growing channel. 1. Partnership with Circle K in click and collect push Axfood’s discount banner Willys has introduced click and collect lockers at Circle K forecourts. Initially this will include four stores in the Frescati, Bandhage...

Axfood has said its sales grew 5.4% in Q4 2019, to SEK13.0 bn (US$1.4 bn), with a strong performance across all its banners. It said the pace of growth saw it outstrip that seen in the wider market, which it said stood at 3.7% in Q4 2019, seeing it gain share. Broad based growth, across all formats Axfood reported that all its banners had enjoyed good growth in Q4 2019. By banner it said: ...

We round up the latest news from retailers in Belgium, the Netherlands and Sweden. Netherlands: Albert Heijn launches automated store at Schiphol Airport After successfully piloting its new ‘plug-and-play’ store concept in Zaandam in September 2019, Albert Heijn has expanded the trial to Schiphol Airport. This will see the retailer launch its second fully automated store, on the Jan D...

Sweden-based ICA and Axfood have reported a 3.4% and 5.7% increase in consolidated net sales respectively. Meanwhile, Finland-based Kesko saw a 6.1% increase in net sales. ICA: 3.4% sales increase ICA Sweden saw consolidated net sales increase by 3.4% to SEK29,818m (US$3,079m) in Q3 2019. Operating profit, excluding items affecting comparability, for the period was SEK1,599m (US$165m) and...