Ahead of its Capital Markets Day on 11 November, Sweden’s ICA Gruppen has disclosed its new priority investment areas. ICA reports that capex for 2020 is expected to be SEK4 billion, higher than the 2019 figure of SEK3.3 billion.
The five key focus initiatives for 2020 will be common group-wide sourcing; creating business value through Al and advanced analytics; transformation to reduce costs and build new capabilities; climate beyond neutrality, and a strengthened food ecosystem.
ICA said it continues to make large investments in the store network as well as in IT, CRM and eCommerce solutions, and is maintaining a high pace of investment in Rimi Baltic designed among other things to expand the store network and complete construction of the new, main warehouse in Riga.
Source: ICA Gruppen