THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
• Omnichannel Futures Conference 2020
• Future of Retail Marketing 2020
• The HR Summit 2020
• AI in Retail Conference 2019
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Iceland to open 50 new stores

Iceland has unveiled plans to open 50 new stores after confirming that sales increased by 4.5% to £3.08 billion in the 52 weeks to 29 March…. View Article

FOOD & DRINK

Iceland to open 50 new stores

Iceland has unveiled plans to open 50 new stores after confirming that sales increased by 4.5% to £3.08 billion in the 52 weeks to 29 March.

However, EBITDA in the period dropped by 8.7% to £140.1 million after the frozen food retailer faced increased staffing and distribution costs, and invested in price and its store network.

During the year Iceland opened 45 new stores. This included 31 larger stores under The Food Warehouse fascia.

Reporting on current trading, Iceland said group sales are continuing to grow as it benefits from the new store openings. The retailer is looking to open 50 new stores in the current financial year.

Looking at its online business, Iceland said it is extending its ranges for customers and rolling out online picking across The Food Warehouse stores. It is also rolling out a new text service which will be completed this summer. This will include customers receiving live order updates and a 30-minute delivery window.

Iceland group chief executive Tarsem Dhaliwal said: “Within an intensely competitive UK market place, adversely affected by consumer uncertainty and the well-known pressures of changing shopping habits on the high street, we have continued to focus on investing for the future.

“Our sustainability initiatives over the last year have substantially raised public awareness of Iceland and enhanced respect for our brand and its values, and we are confident that this can only enhance our prospects in the longer term.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, 44 Hallam St, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY