Swedish retailer Axfood posted a 2.5% increase in net sales today (17 April) for the first quarter but saw like-for-like sales fall.

For the period January to March, consolidated net sales amounted to SEK7.68bn (US$912m) from SEK7.49bn in the comparable period of the previous year.

Axfood’s stores (group-owned and Hemköp franchises) posted a 2.8% increase in sales. However, sales on a like-for-like basis fell 1%.

Hemköp’s sales decreased by 3.3% for the month of March, with a 3.5% decrease in like-for-like sales. Accumulated sales decreased by 2.8%, with a 3.4% decrease in like-for-like sales.

Willys’ sales rose 2.1% during the month, with a 1.9% decrease in like-for-like sales, and PrisXtra’s sales rose 3.2% during the month, with an 11.5% decrease in like-for-like sales.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In February, Axfood announced the launch of an own-label line made up entirely of products that have been certified fairtrade.

The brand, Aware, is available through Axfood’s Hemköp, Willys, Willys Home and PrisXtra banners.