Get the app today! Download iPhone App Download Android App

Sweden’s ICA Sees Sales Up 2.3% In December 2018

Published on Jan 10 2019 9:00 AM in Retail tagged: Trending Posts / Sweden / ICA

Sweden’s ICA Sees Sales Up 2.3% In December 2018

Swedish retailer ICA has seen its sales rise 2.3% in December 2018, compared with the corresponding month the previous year.

Sales on a like-for-like basis increased by 2.0%, the retailer said.

The group said that for the month of December, sales in ICA stores totalled SEK 11.2 billion, excluding VAT, which is an increase of 2.3% compared to the same month the previous year.

Sales in January – December 2018 amounted to SEK 118.3 billion, an increase of 3.5%.

Banner Performance

In terms of the performance of the group’s banners, its Maxi ICA Stormarknad hypermarket operation saw a 3.1% increase in sales in the month of December (+2.5% like-for-like), while ICA Kvantum was up 2.9% (+2.5% like-for-like), ICA Supermarket was up 0.9% (+2.5% like-for-like) and ICA Nara was up 1.9% (+2.5% like-for-like).

ICA Gruppen estimates the calendar effect for December to be -1.3%.

As of 31 December 2018, the number of ICA stores was 1,277.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

Share on Facebook Share on Twitter Share on LinkedIn Share on Tumblr Share via Email