A review conducted by Dagligvarunytt reveals that more than every tenth Ica store operator is running at a loss. According to the analysis, 152 out of 1,220 retailer-owned Ica companies reported losses in the most recent available financial statements for the 2024/2025 fiscal year, representing 12.5 percent of Ica stores.
Industry expert William Lindquist from Svensk Handels' analysis firm HUI Research told the publication that grocery retailers are being squeezed from two directions simultaneously. On one hand, operating stores has become more expensive due to factors including increased energy prices and rents. On the other hand, customers have tightened their purse strings.
grocery retailers are being squeezed from two directions simultaneously. On one hand, operating stores has become more expensive due to factors including increased energy prices and rents. On the other hand, customers have tightened their purse strings.
Several stores within the Ica Kvantum segment are among those reporting the largest losses. The analysis indicates that increased campaign pricing is putting pressure on profitability across the sector, according to industry sources.