Swedish retail company ICA Gruppen has held a Capital Markets Day to review its strategic priorities and targets, as well as the operations of Apotek Hjärtat, ICA Real Estate and ICA Sweden, while taking an in-depth look at its online platform.
On Friday, December 11th, ICA Gruppen met with financial analysts, bank representatives and the media to present its strategies going forward, as well as its view of the market and investment projects.
One of the key areas discussed was the forthcoming sale of ICA’s properties in Norway. According to ICA Real Estates, the total value of the property stock held by ICA’s wholly owned and partly owned companies amounts to SEK17.8 billion, with its Norway properties valued at SEK2.5 billion.
Also up for discussion at the Capital Markets Day was ICA’s online operations, from which is expects 10% of the total growth in retail this year. It now has more than 150 stores offering online shopping, with nearly 150 more registering their interest in it.
A survey of customers who have used the online shopping service revealed that 96% would use it to shop again, while another survey carried out among card customers showed that those who have started shopping online spend 22% more at ICA.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Jenny Whelan. To subscribe to ESM: The European Supermarket Magazine, click here.
