DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

ICA Gruppen Sees Performance Slow In Q2 and Q3

By Steve Wynne-Jones
Share this article
ICA Gruppen Sees Performance Slow In Q2 and Q3

Sweden's ICA Gruppen posted growth slower than the market average in the second and third quarters of the year, the retailer has stated.

Based on Retail Sales Index (Detaljhandelsindex) data from research firm HUI, which is used by ICA Gruppen to assess the performance of ICA stores compared to the market in general, the slowdown is due to the fact that HUI
revised its growth rate for the market.

Market growth was revised upwards from 1.7% to 3.0% for the second quarter and from 2.9% to 4.2% for the third quarter. While ICA has note released its sales data for these quarters, it said that its growth falls below these levels.

ICA had accumulated growth including VAT of 3.8% from January to October.

© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.  

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.