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Axfood
Axfood

+4.26%

Retail / Retail

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Company Overview

General information about the Axfood company
Axfood is a Swedish retail company that was founded in 2000 and is headquartered in Stockholm, Sweden. The company operates in the food retail industry and is one of the largest food retailers in Sweden, with a market share of approximately 19%. Axfood's business model is based on a multi-format retail strategy, operating through a range of store concepts, including discount stores, supermarkets, and convenience stores.
The company operates several well-known retail chains, including Willys, Hemköp, and Axfood Snabbgross, serving both private and professional customers. The company also has a strong online presence through its e-commerce platform, Axfood Online, which offers home delivery and click-and-collect services to customers.
Axfood is committed to sustainability and has set ambitious targets to reduce its impact on the environment. The company has implemented several initiatives, such as sourcing sustainable products, reducing food waste, and minimizing energy consumption, to achieve these goals.
As of 2021, Axfood has around 11,000 employees and reported net sales of approximately SEK 56 billion. The company is listed on the Stockholm Stock Exchange and is part of the OMX Stockholm 30 Index. Axfood's vision is to be the most sustainable and value-driven retail company in the Nordics.
What is special about the Axfood company?
1. Long History: Axfood was founded in 1960 and has a long history in the food retail industry. This has provided them with experience and expertise in the market.
2. Leading Market Share: Axfood is the second-largest food retailer in Sweden, with a market share of over 18%. It operates several well-known brands like Willys, Hemköp, and Eurocash.
3. Sustainable Practices: The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. This includes promoting sustainable sourcing, reducing food waste, and investing in renewable energy.
4. Local Sourcing: Axfood has a strong commitment to sourcing products from local suppliers, supporting the local economy and providing customers with fresh and high-quality products.
5. Innovative Strategies: The company has implemented various innovative strategies to stay ahead in the competitive food retail market. This includes offering digital solutions like online shopping, home deliveries, and scan & go services.
6. Award-Winning: Axfood has received several awards for its sustainability practices and innovative strategies. In 2019, it was ranked as the most sustainable food retail company in the Nordic region by Sustainable Brand Index.
7. Diverse Workforce: The company values diversity and has a diverse workforce, with employees from different backgrounds and cultures. This helps to bring diverse perspectives and ideas to the company.
8. Corporate Social Responsibility: Axfood has a strong focus on being a responsible corporate citizen and actively supports various social causes and initiatives. This includes partnering with organizations that work towards hunger relief and supporting local communities.
9. Customer-Oriented: The company puts a strong emphasis on understanding and meeting the needs of its customers. This includes constantly conducting market research and surveys to improve the customer experience.
10. Strong Company Culture: Axfood has a strong company culture that values collaboration, diversity, and growth opportunities for employees. This has been recognized with awards for being a top employer in Sweden.

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