Kesko news

10 November 2020
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...
21 July 2020
As retailers across the Nordics invest in foodservice opportunities in-store, out of store and online, we share some of the latest innovations from Finland. 1. Europe’s biggest sushi seller and country’s biggest venue in new partnership Kesko K-Citymarket Järvenpää, which won the IGD Store of the Year award 2019 claims to be Europe’s biggest sushi seller, selling thousands of kilograms...
28 February 2020
Three developments from retailers in Sweden, Finland, and Denmark as they look to build their online and digital skill and scale. Sweden: ICA’s test for unmanned stores In collaboration with innovation hub ICAx and the Värmland region, ICA Nära Silleurd is the first among the larger chains to test an unstaffed store. Having begun in December 2019, the test will end on February 29, 2020. It ...
21 February 2020
Finland’s Market Court has announced its decision to block Kesko’s acquisition of Heinon Tukku. Acquisition announced in May 2019 The retailer revealed its intention to purchase the wholesale business, in May 2019, from family-owned company Tukkuheino Oy and private individuals. Commenting on the decision, President of Kesko’s grocery trade division, Ari Akseli, said: “Naturally, we woul...
05 February 2020
Finland-based Kesko reported sales through its grocery trade subsidiary rose 2.7% in total in 2019, to €5.5 bn. It said on a comparable basis, sales rose 3.2%, while its operating profit advanced by €33.4m to €327.9m for the year. Kesko highlighted how the results were driven by its continued adherence to the strategy it set out in 2015 ‘ and its successful execution ’. Success ‘ founded on go...
30 October 2019
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...
17 September 2019
Finnish retailer Kesko is launching a carbon footprint calculator for food products and has appointed a new VP of investor relations. Carbon footprint calculator Kesko is introducing a tool which allows shoppers to track the carbon footprint of their food purchases. This will help them to make more sustainable choices. It is expected to be rolled out before the end of the year. The featu...
23 August 2019
Finland-based Kesko participates in the 10Days100Challenges initiative and allows shoppers to track their climate impact. 10Days100Challenges initiative Kesko recently participated in 10Days100Challenges, organised by the universities of Haaga-Helia, Laurea, and Metropolia in Helsinki. The initiative ran for ten days and involved 100 students. The students proposed solutions to challenges g...
26 July 2019
Kesko has reported its H1 2019 results, with group net sales increasing by 0.8%, in comparable terms, to €5.18bn (US$5.76bn). Comparable operating profit totalled €179.9m (US$200m), a rise of €2.9m on the same period last year. Grocery trade comparable net sales: +3.8% to €2.67bn Kesko’s grocery business, which accounts for 52% of Kesko’s total sales, saw comparable net sales increase by 3....
30 April 2019
Both companies reported a decrease in group net sales during the first quarter. From a retail point of view, Kesko said it performed much better and gained market share, thanks to growing in-store traffic and strong online sales. Kesko’s retail sales grow by 1.5% Kesko released its first quarter sales, reporting net sales of €.,4bn, with like-for-like sales decreasing by 0.6%, partly due to...