ICA Sweden is launching an efficiency program to enable initiatives for higher price value and customer loyalty. In total, the program is expected to be released 1 billion kroner annually and will initially involve the removal of around 200 posts. The program is expected to be completed for the most part in 2023.

A challenging situation in the outside world with rising costs, high inflation, reduced disposable income and thus increased price awareness among customers has put both ICA dealers and ICA Sweden under severe pressure, both in terms of market shares and sales volumes.

ICA Sweden is therefore taking measures together with the ICA retailers to reverse this trend. This will be done through an efficiency program in ICA Sweden which will free up resources for a joint investment by ICA Sweden and the ICA dealers on a more competitive customer offer. The program, which is expected to release approx 1 billion kroner on an annual basis aims to reduce costs and involves an organizational overhaul which will initially involve a reduction of around 200 posts, mainly civil servants. ICA Sweden has also instituted a consultancy and employment freeze. The work to identify the 200 positions and possible restructuring costs will be carried out in the first quarter of 2023.

“The grocery store and ICA are facing a very challenging situation and as a company we need to become more cost-effective both in the short and long term. The program enables us, together with the ICA retailers, to offer a better price value for our customers and reverse the negative growth trend. requires, among other things, that we look at our organization. I really realize that this comes as tough news for ICA Sweden’s employees and of course we will offer strong support to the employees who are affected,” comments Eric LundbergCEO of ICA Sweden.

The initiatives covered by the program will enable ICA to offer lower prices to consumers and investments in ICA’s own brand products together with continued development of ICA’s loyalty program Stammis in an effort to strengthen ICA’s competitiveness and increase customer loyalty.

“ICA will always be on the side of customers, most importantly during tough economic times, and this powerful efficiency improvement program is therefore necessary for us to better meet customer needs,” adds Eric Lundberg.

For more information
ICA Group press service, telephone number: +46 (0)10 422 52 52, e-mail: [email protected]

icagruppen.se

ICA Gruppen AB (publ) is one of the leading retail companies in the Nordics with a focus on food and health. The group includes ICA Sweden and Rimi Baltic, which mainly engages in grocery retail, ICA Properties who own and manage real estate, ICA Bank that offer financial services, ICA Insurance and Apotek Hjärtat, which conducts pharmacy operations. Year 2021, ICA Group had a turnover of approx SEK 128 billion. For more information, see icagruppen.se.

ICA Sweden is the leading grocery retailer in Sweden. With a focus on food and meals, ICA Sweden strives to make every day a little easier for its customers. The roughly 1,200 independent ICA retailers own and run their stores themselves. ICA Sweden has agreements with the traders on, among other things, coordinated purchasing, logistics, market communication and store development. ICA Sweden is part of ICA Group.

https://news.cision.com/ica-gruppen-ab/r/ica-sweden-to-carry-out-efficiency-improvement-programme–free-up-resources-for-improved-competitive,c3678665

https://mb.cision.com/Main/7955/3678665/1719746.pdf

https://news.cision.com/ica-gruppen-ab/i/eric-lundberg,c3121643

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