Coop slumps as ICA dominates Swedish grocery sector
Published: 5 Jan 06 17:51 CET | Print version
Online: http://www.thelocal.se/2803/20060105/
Sales in the Swedish grocery sector increased in 2005 by 2.5%, to 211 billion kronor. Coop's decline continued while Lidl and Netto increased their market share significantly.
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According to analysis by industry paper Ica-Nyheter, Coop's share of the Swedish grocery market fell by 0.9% to 16.3%.
Axfood's sales growth was also relatively weak, climbing only 0.5% to 28.4 billion kronor. The company's market share declined slightly, to 13.4%.
The big winners of the year were budget chains Lidl and Netto, which both increased sales and market share.
Lidl's sales climbed by 85% to 3.2 billion kronor, while Netto's sales rose 70% to 2.1 billion kronor. But they still have a relatively small share of the market overall: combined, their share climbed from 1.5% in 2004 to 2.5% in 2005.
The Bergendahl Group, which owns chains such as VI and City Gross, increased sales by 5% to 11.8 billion kronor, taking market share to 5.6%.
But ICA is still in a league of its own in the Swedish grocery market. Sales rose by 2.5% to 75.6 billion kronor, which meant a marginal increase in market share to 35.8%.
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