Hemköp and Spar form single chain - Hemköp doubles number of stores
Hemköp and Spar form single chain - Hemköp doubles number of stores The Board of Directors of Axfood AB have made the decision to merge the Hemköp and Spar chains. The decision entails that a new chain, which will be called Hemköp, will have approximately 200 stores and annual sales of approximately SEK 10 billion. Synergy gains are estimated to amount to SEK 60-80 m over a three-year period. The competition for traditional grocery stores in Sweden has intensified considerably in recent years, with discounters and hypermarkets capturing market shares. Axfood has an approximate 22% market