Iceland profits melt as retail competition heats up

Article Abstract:

Iceland of the UK, a frozen food specialist, has seen a fall in interim pre tax profit of 11%, on sales up just 0.4%. This is attributed to competition in the UK food retail market. However the company will continue with its strategy of reinforcing its position as the only frozen food specialist retailer in the UK. It has increased new product development and it will continue with investment in new stores and refurbishments.

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Iceland flat but optimistic

Article Abstract:

Iceland of the UK, a frozen food specialist, has reported pre tax profits up by 4.7% to 33.6 millio pounds sterling, on total sales up 5.5% to 655.4 million, for the first six months of 1995. The results reflect the effects of the company's restructuring. It is expected to meet its target of 55 new stores, with nine of the new outlets former Presto and Safeway stores.

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Twenty-fifth year of profit growth at Iceland

Article Abstract:

Iceland of the UK, a frozen food retailer reported a recovery in food sales in the second half of 1995, helped by a Silver Jubilee marketing campaign. Total company sales rose by 5.6% in 2995, with food sales representing 1.3 billion pounds sterling. It opened 56 new stores in 1995, bringing the total to 752.

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