ICA’s smallest concept benefits most from price increases

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Sales in the Swedish ICA stores rose by 3.7 percent in November 2015 compared with the corresponding month last year. Sales in like-for-like stores increased by 3.1 percent.

ICA Nära performed best with a 4.3 percent like-for-like improvement.

  November 2015 January – November 2015
Store sales, excl. VAT SEKm Change all stores Change like-for-like SEKm Change all stores Change like-for-like
Maxi ICA Stormarknad 2,660 4.2% 2.4% 29,508 5.7% 3.4%
ICA Kvantum 2,103 3.4% 3.0% 23,697 4.5% 3.5%
ICA Supermarket 2,612 3.2% 3.2% 30,057 2.2% 2.5%
ICA Nära 1,247 3.8% 4.3% 14,757 2.4% 2.9%
Total 8,622 3.7% 3.1% 98,018 3.8% 3.1%

In November 2015, sales in the Swedish ICA stores totalled SEK 8,622 million excluding VAT, which is an increase of 3.7 percent compared with the same month in the previous year.

Sales in January-November 2015 amounted to 98,018 million SEK, an increase of 3.8 percent compared with the previous year.

Last month, dailies had an overall increase of 4.8 percent in Sweden in October, much explained by an effect of price increases of around 3.0 percent. This might also explain the sales rise at ICA Nära in November – while hypermarkets as ICA Maxi are more price sensitive.