ICA Store Sales Increase 1.6% Year On Year In June
Swedish retailer ICA Gruppen has reported a 1.6% year-on-year growth in store sales to SEK 10.7 billion (€1.01 billion) in June.
Sales in like-for-like stores also increased by 1.6% year on year during the same period.
Maxi ICA Stormarknad and ICA Nära saw like-for-like sales grow by 2.6% and 2.5%.
Like-for-like sales in ICA Supermarket and ICA Kvantum grew by 1.0% and 0.5% respectively.
Sales in January to June 2019 increased by 2.6% year on year and amounted to SEK 59.6 billion (€5.6 billion).
The retail chain, which operates 1,272 stores, has estimated the calendar effect for June to be -1.8%.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.