Axfood

{{Short description|Swedish company}}

{{Primary sources|date=October 2019}}

{{Infobox company

| name = Axfood

| image = Solnavägen 4.jpg

| image_caption = Headquarters in Stockholm, Sweden

| logo = File:Axfood logotype.png

| type = Public Aktiebolag

| traded_as = {{OMX|SSE4590|AXFO}}

| foundation = {{start date|2000}}

| founder =

| location = Stockholm, Sweden

| locations = 1,137 stores, of which 274 are Group-owned

| area_served = Sweden

| key_people = Klas Balkow (CEO)

| industry = Retail

| products =

| services =

| revenue = {{Increase}} €4.6 billion (2017)

| operating_income =

| net_income =

| aum =

| assets =

| equity =

| owner = Axel Johnson AB (51%)

| num_employees = 9,903 (2017)

| parent =

| homepage = {{Official URL}}

}}

Axfood AB is a Swedish company that operates in Sweden. It was formed in May 2000 through a merger between the Swedish grocery store chains Hemköp, D&D Dagligvaror, Spar Sverige, and Spar Inn Snabbgross.

The Group's retail operations are conducted through the Willys, Hemköp, and Axfood Snabbgross chains, comprising 300 group-owned stores in all. In addition, Axfood collaborates with a large number of proprietor-run stores that are tied to Axfood through agreements. These include stores within the Hemköp chain as well as stores run under the Handlar'n, Direkten and Tempo profiles. In all, Axfood collaborates with some 840 proprietor-run stores.

Wholesale business is conducted via Dagab and Axfood Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB's Large Cap list. Axel Johnson AB is the principal owner with 50.1 percent of the shares.

Axfood's private labels consist of Willys, Hemköp, Axfood Snabbgross, Garant, Eldorado (discount food brand), Såklart (body care, laundry and cleaning), Prime patrol (meat), Minstingen (baby products), Falkenberg Seafood (seafood products) and Fixa (kitchen supplies).

Axfood is a member of the European Marketing Distribution, a European purchasing organization for grocery stores, and United Nordic.

History

  • 2017 – Axfood acquired Mat.se and Middagsfrid.{{Cite news |title=Our history |language=en-US |work=Axfood |url=https://www.axfood.com/about-axfood/our-history/ |url-status=dead |access-date=2018-03-04 |archive-url=https://web.archive.org/web/20200811101633/https://www.axfood.com/about-axfood/our-history/ |archive-date=2020-08-11}}
  • 2024 – Axfood acquired City gross.{{Cite news |title=Axfood köper City gross |language=sv-SE |first=Beri |last=Zangana |work=Aftonbladet |access-date=2024-06-11 |url=https://www.aftonbladet.se/nyheter/a/lwzWPk/axfood-koper-city-gross}}

Market shares and competitors

Axfood is Sweden’s second largest food retailer and has a 20% market share in Sweden.{{Cite web|url=https://www.axfood.com/globalassets/startsida/investerare/ar17/axfood-annual-and-sustainability-report-2017.pdf|title=Axfood annual and sustainability report 2017}}

Sustainability and CSR

Axfood's sustainability and CSR work is based on its Code of Conduct. The company has numerous sustainability goals. The six central work areas are sustainable products, climate and energy, employees, transports, responsible suppliers, and corporate social responsibility and influence.{{Cite news|url=https://www.axfood.com/sustainability/strategy/targets-and-results/|title=Targets and results|work=Axfood|access-date=2018-03-04|language=en-US}}

See also

References

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