Statistics Norway data recently showed that Norway's GDP is more than double the EU average.
When differences in prices between countries are taken into account, in 2022 Norway had Europe's third highest value creation per inhabitant.
Norway's consumer price inflation rate accelerated to 4.8% in November 2023, up from 4.0% in the previous month, and slightly below the market consensus of 4.9%. Prices for food and non-alcoholic beverages rose at a faster rate of 9.1% compared to 8.5%.
Meanwhile, the CPI adjusted for tax changes and excluding energy products rose by 5.8%, easing from 6.0% in the previous month, according to Trading Economics.
Here's an overview of the top ten supermarket retail chains in Norway, according to their most recently-available full-year turnover. All data is supplied by Retail-Index (www.retail-index.com).
1. NorgesGruppen
Turnover: €10.5 billion (2022)
NorgesGruppen tops the list with an annual turnover of €10.5 billion recorded in 2022.
The group offers a combination of physical stores and online shopping, both from independent merchants and company-owned outlets throughout the country.
It currently operates 1,821 outlets in Norway under the banners Joker, Kiwi, Meny, Naerbutikken, Deli da Luca and Ultra.
Read More: NorgesGruppen Sees Profit Down Marginally In First Half
2. Reitangruppen
Turnover: €5 billion (2021, estimated)
Reitangruppen is a Norwegian wholesaler and retailer and recorded an estimated €5 billion turnover in 2021.
It operated 1,306 outlets in Norway as of 2022 under the banners 7-Eleven, Narvesen, Rema 1000 and YX.
3. Coop Norge
Turnover: €5.53 billion (2021)
Coop is third on the list, and recorded an annual turnover of €5.53 billion in 2021.
It currently has approximately 1,200 outlets in Norway under the banners Coop byggmix, Coop Extra, Coop Market, Coop Mega, Coop Obs!, Coop Obs! Bygg, Coop Prix and Matkroken.
Read More: Coop Norway To Sell Products Past Best Before Date At 70% Discount
4. SPAR
Turnover: € 1.7 billion (2021)
SPAR Norway reported an annual turnover of €1.7 billion in 2021 and currently operates 295 outlets across the country.
5. Bunnpris
Turnover: N/A
Bunnpris operated 244 stores in Norway as of 2022, with locations situated all the way from Rypefjord in the north to Søgne in the south.
About Retail-Index
Retail-Index is a specialist supplier of management information on consumer retail markets, provided by Veraart Research Group in the Netherlands. Its mission is to supply managers with up-to-date key information on retail markets in Europe and support them in their international expansion.
The company dates back to 1964, when it started as a market research and marketing consulting company for consumer products and services. In 1989, it started publishing written reports on various retail sectors in Europe. As of 2005, it publishes its information on retailers through the online database and curated datasheet exports available on www.retail-index.com. A team of researchers manages the data to reflect upon current developments in the markets, collected from an extensive number of sources.
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© 2023 European Supermarket Magazine – your source for the latest retail news. Article by Robert McHugh. Click subscribe to sign up to ESM: European Supermarket Magazine.
