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STOCKHOLM (Reuters) – ICA Gruppen, the owner of Sweden’s biggest grocery chain, said on Wednesday negative effects on profit margins from the implementation of two new digital solutions would be marginal this year and next.
ICA Gruppen is rolling out a new upgraded e-commerce platform for customers and stores, and is also starting up a highly automated so-called dark store – a facility that fulfils solely online orders.
“It is estimated that the new online solutions for ICA Sweden will have a margin effect of approximately -0.1% in 2021 and less than -0.1% in 2022,” it said in a statement ahead of presentations to investors and media later in the day.
Reporting by Anna Ringstrom; editing by Johannes Hellstrom
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