ICA Sees Sales Rise 3.6% Year-On-Year In November 2018
Swedish retailer ICA Gruppen has reported a 3.6% increase in year-on-year sales across its stores for November 2018.
The total sales for the month amounted to SEK 9,509 million (€917 million) excluding VAT.
Like-for-like sales increased by 3% during the same period, the company said.
The group’s sales between January 2018 – November 2018 added up to SEK 107,105 million (€10,328 million), which is a 3.6% increase when compared with the previous year.
ICA Gruppen has estimated that the calendar effect for November 2018 will be +1.4%.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.