Axfood AB · Solna Sweden · (OMX Stockholm: AXFO)
Company Description
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This link will open in a new window Axfood gives the chilly Nordic region the Willys. The company is one of the largest food retailers in Sweden (behind ICA and Coop ), operating about 110 wholly-owned Willys (discount grocery stores), 30-plus Willys hemma (neighborhood grocers), and some 165 Hemköp (upscale grocery stores for food enthusiasts) stores. Axfood also operates shops under the Handlar'n and Tempo banners. Its Axfood Närlivs unit is a nationwide wholesaler serving convenience store retailers, restaurants, and foodservice companies through about 20 cash and carry outlets and several distribution centers. Subsidiary Dagab serves as the company's logistics arm. Swedish food importer and retailer Axel Johnson owns about 46% of Axfood. To read the full description, subscribe now.
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Key Axfood AB Financials
| Company Type | Public - OMX Stockholm: AXFO Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $4,078.2 |
| Employees | 100 |
Axfood AB Executives
23 executives listed for Axfood AB's Solna Sweden location.
| Title | Name & Bio | Contact |
| Chairman | Fredrik Persson | |
| Vice Chairman | Marcus Storch | |
| President and CEO; President, Hemköpskedjan | Anders Strålman |
Competition
Competitive Landscape for Axfood AB
Population growth and consumer tastes drive demand. Because margins are low, the profitability of individual companies depends on high volume sales and efficient operations. Large companies can offer a wide selection of products and have advantages in purchasing, distribution, marketing, and finance. Small companies can compete effectively by offering specialty products, serving a local market, or providing superior customer service. Discount stores and warehouse clubs have aggressively pursued the retail grocery market, and Wal-Mart is the largest seller of groceries in the US. Other competition includes specialty food stores, convenience stores, drugstores, dollar stores, and, to some degree, restaurants. To read the full description, subscribe now.Top Axfood AB Competitors
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