Sweden

Swedish Trade Sector To Lose SEK70bn In Q2 2020: Report

The trade sector in Sweden is set to lose SEK70 billion (€6.73 billion) in the second quarter of 2020, according to the latest Merchant Economy report...

Sweden's ICA Sees Like-For-Like Sales Up 5.2% In August

Swedish retailer ICA has continued its strong year to date with a 5.2% increase in like-for-like sales in August, as more Swedish consumers stayed at home...

Sweden's Axfood Names Karin Hedlund As Its New IT Head

Swedish retailer Axfood has announced the appointment of Karin Hedlund as its new head of IT, effective 1 November. She succeeds Jan Lindmark, who has d...

Norway Sees Record Tax Revenues From Beverage Sales Following Border Closure

Norway has seen a surge in tax revenue from the sale of beer and soft drinks, which has largely been driven by the country's decision to close its border w...

Sweden’s Cloetta To Close Nut Processing Facility In Helsingborg

Swedish confectionery group Cloetta has announced that it is to close its nut processing facility in Helsingborg and outsource production to a third-party...

Rimi Baltic, Apotek Hjärtat Weigh On ICA Sweden In Second Quarter

While Swedish retailer ICA posted a consolidated net sales increase of 4.6% in the second quarter of its financial year, all aspects of its businesses were...

Retailer Confidence On the Rise In Sweden, But Challenges Remain

Business confidence in the Swedish retail industry increased in August, however the situation remains tough for many traders, new data from Svensk Handel h...

Sweden's ICA Sees Sales Grow By Double-Digits In Largest Stores

Swedish retailer ICA Gruppen saw like-for-like sales grow by 10% across its largest store banner, Maxi ICA Stormarknad, in July, with the banner seeing rep...