Strong E-Commerce Sales Boosts Sweden's ICA Gruppen In Full-Year 2020
ICA Gruppen has posted a 5.9% increase in consolidated net sales in full year 2020, with its ICA Sweden operation leading the way, boosted by a surge in e-commerce.
ICA Sweden posted sales of SEK 91.7 billon (€9.09 billion) for the year, up from SEK 85.2 billion in 2019, driven by 'sharp growth' in online, the group said.
In the fourth quarter of the year, e-commerce accounted for 45% of sales growth, the group said, and more than 30% for the entire year.
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