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Corporation
RETAIL (NON-INTERNET/MOBILE) | Grocery
icagruppen.se

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Founded Year

1938

Stage

Acq - Fin | Alive

Valuation

$0000 

Last Raised

$3.1B | 9 yrs ago

About ICA Gruppen

ICA Gruppen AB is a Swedish retailer with a focus on food and health. The group also owns a bank, real estate division, a pharmacy chain and the Hemtex soft furnishings chain.

ICA Gruppen Headquarter Location

Svetsarvägen 16

Solna, 171 93,

Sweden

+46 (0) 8 56 15 00 00

Latest ICA Gruppen News

The five biggest retail technology news stories of the week

Dec 3, 2021

It’s Friday, the weekend is nearly here, so let’s kick back and reflect on another eventful week for the retail systems space. Here's your briefing on the most important stories from the past five days, including Sainsbury’s, ICA Gruppen, Ocado Group, Tesco, and Shopify.1. Sainsbury's opens SmartShop Pick & Go store at Holborn Circus, LondonLast month, we reported that Sainsbury’s was set to open a cashierless store in London during late November, using Amazon’s Just Walk Out technology.This, we noted at the time, would make it the first customer outside the US for the tech that powers Amazon Go and Fresh stores. Said SmartShop Pick & Go store opened to the public this week, after being tested out by Sainsbury’s staff members.2. ICA Gruppen opens Ocado powered automated online groceries warehouseICA Gruppen has gone live with an automated warehouse in Brunna, outside Stockholm, powered by Ocado Group technology. ICA says that it is the first retailer in Sweden to open a facility that features an automated solution for online groceries.The warehouse has a total area of 32,000 square metres. An e-commerce operation in Jordbro will be gradually transferred to the new facility.NEW: 🇸🇪 Huge day as our partner @ICAGruppen go LIVE with our CFC near Stockholm! W/ @OcadoGroup tech configured for ICA’s unique model, we’re excited to bring cutting edge online grocery automation to Sweden as the channel continues to grow! https://t.co/shqLsVCN0U pic.twitter.com/HTfc1Xe58S— Luke Jensen (@LukeJensenOcado) December 1, 2021 3. Quick commerce startup Jokr nabs unicorn status with mega funding roundRapid delivery venture, Jokr, has landed $260 million in Series B funding and ventured into unicorn territory with a valuation of $1.2 billion.It will use the cash to expand its business across the US and Latin America.Jokr aims to bring people groceries and other consumer goods in 15 minutes from urban micro-fulfilment centres. It last raised $170 million in July.4. Shopify notches up record breaking Black FridayCanadian e-commerce platform giant Shopify has announced a record setting Black Friday with sales of nearly $2.9 billion from the start of Black Friday in New Zealand through the end of the event in California.This represents a 21% increase over 2020 when sales by Shopify merchants surged 75% over 2019 driven by Covid-19 lockdowns, and is more than double their sales on 2019. $2.9B total sales by Shopify merchants around the world this Black Friday. Simply mind-blowing. Thanks to everyone who supports independent businesses this year, and congrats to all of our merchants for a record-breaking day. pic.twitter.com/yasx9xIkbT— Tobi Lütke (@tobi) November 27, 2021 5. Tesco unveils UK’s largest closed loop grocery media and insight platformTesco has launched Tesco Media and Insight, powered by data science specialist dunnhumby.The new platform aims to help suppliers and agencies engage more effectively with customers and understand their evolving needs.Alessandra Bellini, Tesco Chief Customer Officer, says: “As the UK grocery sector evolves, we want to ensure we provide a more relevant and personalised offer to meet our customers’ changing needs.”“Our new platform will bring together the wealth of customer knowledge we have, with the insights from dunnhumby, and use it in a way that helps our brands to be more efficient and targeted and ultimately to serve our customers better.”“We’re excited to work with our suppliers and agencies to drive better engagement with customers and add value to their businesses.” Sign up for our free retail technology newsletter.

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Expert Collections containing ICA Gruppen

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ICA Gruppen is included in 1 Expert Collection, including Pharma Supply Chain.

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Pharma Supply Chain

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