Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Sweden’s ICA Sees Sales Up 8.9% In October 2020

Swedish retailer ICA has posted an 8.9% year-on-year growth in sales to SEK10.8 billion (€1.05 billion) in October 2020.

Like-for-like sales for the period also increased by 8.9% compared to the same period last year.

The company’s Maxi ICA Stormarknad retail chain emerged as the strongest performer, registering a sales growth of 12.6% (11.6% on a like-for-like basis) to SEK3.5 billion (€340 million).

ICA Kvantum and ICA Nära grew sales by 9% in this period to SEK2.7 billion (€260 million) and SEK1.6 billion (€160 million), respectively.

ICA Supermarket saw a 5% growth in sales (6.1% on a like-for-like basis) to SEK 3.1 billion (€300 million).

Year To Date Performance

In the period between January to October, the ICA reported like-for-like sales growth of 7.2% (7.4% reported) to SEK107.9 billion (€10.52 billion).

Maxi ICA Stormarknad saw like-for-basis sales increase 9.6% (11% reported) in this period, to SEK34.4 billion (€3.35 billion), while ICA Kvantum reported like-for-like sales growth of 7.4% (8.1% reported), to SEK26.1 billion (€2.55 billion).

ICA Supermarket generated sales worth SEK31.2 billion (€3.04 billion), up 4.7% on a like-for-like basis (3.5% reported).

Proximity chain ICA Nära saw like-for-like sales growth of 6.7% in this period (6.6% reported) to SEK16.2 billion (€1.58 billion).

© 2020 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.

Stay Connected With Our Weekly Newsletter

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
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days