DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Sweden’s ICA Sees Sales Rise 4.3% In June

By Steve Wynne-Jones
Share this article
Sweden’s ICA Sees Sales Rise 4.3% In June

Swedish retailer ICA saw its sales rise 4.3% in June, compared to the previous year, to SEK 9,761 million excluding VAT, the retailer said in a statement.

Sales for the retailer from January-June 2016 amounted to SEK 54,507 million, an increase of 3.5% compared with the previous year.

ICA, which operates 1,299 stores across Sweden, saw growth across all its formats, with its Maxi ICA Stormarknad banner seeing like-for-like sales rise of 4.2%, ICA Kvantum seeing a sales rise of 4.0%, ICA Supermarket up 3.4% and ICA Nära up 4.6%.

ICA Gruppen estimates the calendar effect for June to be +0.5%.

© 2016 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.