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Iceland Foods reports increase in store openings and exports

Iceland Foods reports increase in store openings and exports

Iceland Foods has reported positive performance in its full-year results.

The retailer announced that it has made strong progress in terms of store openings and exports over the course of the past year. In 12 months 43 new Iceland outlets have opened their doors creating 1,500 jobs in the process. Officials are now looking to launch 40 more in the coming year which will generate a further 1,250 positions.

Malcolm Walker, Iceland chairman and chief executive, hailed the figures adding that it culminated in a year of major investment for sustainable future growth. Iceland stated that total sales had grown by 2.7 per cent up to £2.71 billion from the £2.64 billion recorded in 2013. It has rolled out a new online shopping service which is available in 280 stores while also acquiring outlets in the Republic of Ireland.

The frozen food retailer is now setting its sights on foreign soil and expanding its brand to Europe. The company has already opened two shops in the Czech Republic as well as the aforementioned outlets in Ireland. Working alongside its shareholders Brait, based in South Africa, and the Landmark Group, based in the Middle East, Iceland has been able to enter into strategic markets in these two regions.

Mr Walker said: "This has been a year of major investment for Iceland both at home and overseas. In the UK we accelerated our expansion programme with the opening of 46 new stores and also rolled out our online shopping offer to 280 stores.

"Overseas we began to serve important new export markets in South Africa and the Middle East, acquired the formerly franchised Iceland stores in the Republic of Ireland and opened two additional stores in the Czech Republic."

Iceland once again claimed the title of "Best Big Company To Work For in the UK" which Mr Walker expressed his delight at achieving. He added that it highlights the attractiveness of the organisation and that people want to work for it.


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