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.