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SUPERMARKETS

Everything you need to know about supermarkets in Norway 

When it comes to Norwegian supermarkets, there are several things you should know, such as the loyalty schemes that offer cashback and the stores that are the cheapest overall.

Pictured is a supermarket.
There are a number of key things you need to know about supermarkets in Norway. Pictured is a supermarket. Photo by Tabrez Syed on Unsplash

The chains 

There are four large supermarket groups in Norway. These are Norgesgruppen (which runs Jakobs, Kiwi, Meny, Spar, Joker and Nærbutikken), Coop (Coop Extra, Coop Mega, Coop OBS, Coop Prix), Rema and Bunnpris. 

Out of those options, Rema, Kiwi and Coop Extra have long positioned themselves as the cheapest option available to consumers. 

With Coop, in particular, it’s worth checking the store type as it could determine how much you pay for groceries despite the different stores belonging to the same chain

Furthermore, stores like Meny and Jakobs try to position themselves as the more upmarket option for discerning customers. 

In addition, these two, along with Coop Mega, will have a larger and more varied product selection. 

Other supermarket groups, like the British chain Iceland, have tried to get a foothold in the market to little effect. For example, Iceland has a single store remaining, where once it had five. 

Why are groceries so expensive?

Groceries in Norway are among the most expensive in Europe. Part of the reason for that is that a handful of chains dominate the market. 

They also implement several other clauses, making gaining a foothold harder for other chains. For example, when closing a store, they may put a block on other chains being able to take over. 

Secondly, the larger chains negotiate the best deals or sign exclusivity contracts with suppliers to try to muscle smaller players out of the market. Norway’s government has previously said it would do away with these rules, but things are yet to change. 

The lack of competition as a result of this domination is one factor however other things contribute to high grocery costs. 

Norway only produces around 50 percent of the food it needs to feed its population, and there are several initiatives to try and keep Norwegian farms competitive. There are high tolls on meat and dairy from abroad

Farms in Norway are also relatively small compared to other parts of the world, and there are strict laws on the welfare of animals. This makes farming less profitable, so farmers sell their produce for much higher prices than other countries.

Loyalty schemes 

Norway’s supermarkets offer many excellent loyalty schemes, with benefits coming in the form of exclusive discounts and cashback. 

Rema’s loyalty scheme, Æ, is a smartphone app that anyone over 15 with a Norwegian mobile number and a smartphone can use.

Parents receive discounts on childcare products, and you receive 10 percent off all fresh fruit and vegetables and 10 percent off of your 10 most frequently bought items, meaning you can save money on the things you buy the most.

You can also sign up for their personal price cut scheme to receive tailor-made promotions.

Trumf covers three supermarket chains in Norway as well as convenience-store-cum-supermarket Joker.

With Trumf you get cashback, or a “Trumf bonus”, every time you shop. The Trumf bonus/cashback is deposited straight into your Trumf account after making a purchase with a card linked to your Trumf account.

There are also periods where Triple Trumf is triggered and customers receive three percent cashback. 

To access Coop’s loyalty discounts, you must become a member and part-owner of the business. The big drawback to this is that to become a member, you’ll have to pay 300 kroner to become a part-owner.

Once signed up, you will get a one percent purchase dividend, in the form of cashback, on everything you purchase. The dividend is automatically credited to your member account, and you can earn a small amount of interest on it. The dividends are transferred into your account once a year.

Trading hours 

There are a number of trading laws to be aware of, too. For starters, stores in Norway cannot sell any alcohol stronger than 4.75 percent. 

They also cannot sell alcohol on Sundays, or past 8pm on weekdays and 6pm on Saturdays.

Almost all supermarkets are closed on Sundays and public holidays too. Smaller stores with limited trading space and supermarkets and shops in touristy areas can remain open. 

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For members

MONEY

EXPLAINED: How wealthy is the ‘average’ Norwegian? 

Norway is known for its high wages and stable economy. New figures have revealed the wealth of the average resident in the Nordic country. 

EXPLAINED: How wealthy is the 'average' Norwegian? 

High salaries go hand in hand with the high cost of living in conversations about Norway.

However, other factors, such as high homeownership rates, indicate that there is plenty of disposable income for locals to save and invest in their futures. 

Previous studies have also suggested that Norwegians are the seventh wealthiest nationals in the world

Norway’s national data agency, Statistics Norway, has compiled its own set of figures indicating that the average Norwegian household has a net wealth of around 3.8 million kroner. 

Net wealth accounts for everything a person owns, including property, stocks, or cash, minus any debts or liabilities. 

The vast majority of this wealth was derived from the estimated value of property. This alone gives the average Norwegian an estimated wealth of 3.74 million kroner. 

READ ALSO: How much does an apartment in Norway cost?

The value of second homes was included, which skewed things as only around 10 percent of households owned a secondary residence. 

The average price of a home in Norway was 4.5 million kroner in March of this year, and house prices have increased substantially in recent years. 

Savings, cash, stocks and other capital accounted for 1.72 million kroner, giving Norwegians an average wealth of 5.46 million kroner. Average debts of 1.68 million kroner gave Norwegians an average net wealth of 3.8 million kroner.  

The figures from Statistics Norway were obtained using figures from tax returns for 2022, which were submitted in 2023.  

Those aged between 67 and 79 years old were the wealthiest generation in Norway on average. This is partly because they have more capital than most other groups and more expensive property. 

However, the most significant factor is the lower levels of debt. They had half the debt of the next richest group, those aged between 55 and 69. 

Younger age groups weren’t as wealthier as they had much higher debts and lower capital. 

Still, Norway’s wealthiest individuals significantly boosted the average. When using the median, the average Norwegian household had a net wealth of just under 2 million kroner. 

When the median was applied to capital, the figure was 339,300 kroner compared to the average of 1.76 million kroner. 

The large difference in capital was attributed to Norway’s wealthiest individuals significantly pulling up the average. 

“This is mainly due to large fortunes in shares and securities, where a few own very much. Shares and other securities and share savings accounts are assets with a median value equal to zero, which indicates that these are not important asset items for most households,” the report said. 

Money kept in the bank was still important for most residents of Norway, though. The median value of bank deposits in Norway was 215,000 kroner, compared to the average of 600,000. 

The gulf between the average value of property owned and the median was roughly 500,000, with the median being 3.25 million kroner. 

Furthermore, Norway’s median debt level was around 860,000 kroner compared to the average of 1.67 million kroner. Around 85 percent of Norwegian households were in some form of debt. 

Significant differences also exist between Norway’s wealthiest and poorest residents. Residents belonging to the country’s poorest ten percent had an average net wealth of almost minus 1 million kroner. 

Meanwhile, Norway’s wealthiest ten percent had a net wealth of 19 million kroner. The top 50 percent also owned considerably more than the bottom 50 percent. 

“Despite the former comprising 1.27 million households, while the latter comprises approximately 25,000 households, the bottom 50 percent own only 4 percent of the total net worth, while the top 1 percent owned as much as 22.3 percent in 2022,” the report read. 

There was also significant variation in wealth depending on household typeFor example, a single mother or father with a child aged between 6 and 17 had a net wealth of 2.24 million kroner, compared to a couple with children of the same age with an average net wealth of 5.12 million kroner. 

Typically, households with more than one person had more money as more than one wage earner likely lived at the address. 

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