SHARE
COPY LINK

FOOD & DRINK

SuperBest and EuroSpar stores to be no more

Familiar names in the Danish grocer landscape will disappear, with the fate of individual locations dependent upon their standing in the local community.

SuperBest and EuroSpar stores to be no more
Photo: Eupdates/WikiCommons
The supermarket chains SuperBest and Eurospar will disappear from the Danish landscape as part of a move to bring the Norwegian brand Meny to Denmark, the Dagrofa Group announced on Thursday. 
 
Dagrofa, which runs the two supermarket chains, said that new Meny stores should see the light of day by summer 2015. 
 
“We can see that the line between smaller supermarkets and the discount chains is disappearing. If shops don’t have strong roots in the local community or are unique in some way, they face a choice: either develop until a modern food boutique or turn into a discount store. Today’s market doesn’t allow for a cost-competitive middle position,” Dagrofa’s managing director, Per Thau, said in a press release. 
 
The loss of SuperBest stores could be felt by Denmark’s expat community as some locations have gained a cult following for their ‘American’ sections that offer items such as PopTarts and Mountain Dew that can be difficult to find. 
 
Thau said that the fate of the individual SuperBest and Eurospar locations would depend on their local support. While some will become Meny stores, others will be turned in to discount stores baring the Spar or Kiwi name, the latter of which recently announced plans to drop prices on all fruits and vegetables.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

MONEY

Why coffee could cost more for Danish consumers in 2022

The price of raw coffee beans recently reached its highest level for ten years, media in Scandinavia report, a trend which is likely to impact consumer prices in the region.

A photo of coffee beans in Denmark. Consumers in the country may soon notice a higher cost per cup.
A photo of coffee beans in Denmark. Consumers in the country may soon notice a higher cost per cup. File photo: Mathias Svold/Ritzau Scanpix

Raw coffee currently costs more than at any time in the last decade, Norwegian financial media E24 reported on Tuesday.

A doubling of the cost per kilo during the last year, reported by E24 in the summer, has been followed by further increased in recent months. The current price of 37 Norwegian kroner (28.3 Danish kroner) per kilogram is the highest for a decade, the media writes.

That is in spite of a strengthening of Norway’s currency against the US dollar, according to E24. The Danish krone is also currently strong.

Because raw coffee beans are always traded in dollars, with prices set by the New York Stock Exchange a strong exchange rate should theoretically make the beans cheaper to import to Nordic countries.

“I think we are seeing a new normal when it comes to the industrial market price of coffee,” Ola Brattås, head of imports with Norwegian chain Kaffebrenneriet, told E24.

Higher prices have already made an impression on Danish coffee companies.

Markets for the product are currently uncertain, said Lars Aaen Thøgersen, head of communication and development with Peter Larsen Kaffe.

“It’s been this way for some time. There has been uncertainty around the harvest, particularly in Brazil,” Thøgersen told news wire Ritzau.

Drought in Brazil, linked to illegal rainforest logging and climate change, is reported by E24 as a key factor in coffee prices. The International Coffee Organization’s September 2021 report also mentions weather in Brazil.

That has compounded higher transport costs and general uncertainty related to the coronavirus pandemic, he added.

Although companies like Peter Larsen can purchase coffee directly from producers and thereby avoid financial markets, they are unable to avoid knock-om effects of high market values, according to Thøgersen.

“When this happens, all supplies around us are affected. So that naturally also affects our situation,” he said.

That means consumers are likely to also feel the effects at some point down the line, the coffee company spokesperson said.

“Consumers can already feel that prices have gone up now, and it will quite likely also be felt further,” he said.

“But it should also be put into perspective, because if you calculate per cup of coffee, a consumer will only notice a few øre (difference in price),” he also noted.

Supermarket chain Coop, which owns the Kvickly, Superbrugsen and Irma stores in Denmark, is currently negotiating 2022 supplier prices. The outcome of those negotiations is not yet known,” head of information Jens Juul Nielsen told Ritzau.

“How this will be felt on store shelves, we can’t yet say,” Nielsen said.

READ ALSO: Denmark’s energy prices hit highest level for nine years

SHOW COMMENTS