AXFOOD

Swedish food retailer Axfood AB on Thursday announced plans for a new highly automated logistics center in southern Sweden as it reported higher third-quarter profit on strong sales.

Swedish food retailer Axfood said Thursday it expects its recently acquired hypermarket chain, City Gross, to become profitable at some point during the second half of 2026.

Swedish food retailer Axfood AB said Thursday it plans to build a new highly automated logistics center in southern Sweden, an investment estimated at between 260 million and 280 million euros.

Swedish food retailer Axfood AB on Friday reported higher second-quarter profit, as investments in logistics began to pay off and sales grew at its discount and recently acquired hypermarket chains.