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Sweden's ICA Sees Like-For-Like Sales Up 2.7% In September

Published on Oct 9 2019 11:00 AM in Retail tagged: Trending Posts / Sweden / ICA / September

Sweden's ICA Sees Like-For-Like Sales Up 2.7% In September

Swedish retailer ICA has posted a 2.7% increase in like-for-like sales in September 2019.

Total sales for the period, compared to the same month the previous year, were up 3.0% to SEK 9.6 billion (€880 million).

Across The Banners

The group's Maxi ICA Stormarknad banner saw the biggest increase in like-for-like sales, up 3.4% for the month, while total sales at the banner were up 3.9%.

Its ICA Supermarket banner saw sales rise by 2.6% on a like-for-like basis, and by 1.9% on a total sales basis, while ICA Kvantum saw a 2.4% like-for-like rise (+3.9% total sales).

Its ICA Nära business, meanwhile, posted a 2.0% increase in like-for-like sales, and a 1.5% increase in total sales.

Year To Date

Sales for the period from January to September 2019 amounted to SEK 90.6 billion (€8.30 billion), an increase of 2.9% compared with the previous year, the group said.

ICA Gruppen estimates the calendar effect for September to be -0.5%. As of the close of September, the number of ICA stores in operation was 1,271.

© 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.

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