Spain news

22 September 2022
Understand how retailers in Spain continue to tackle rising inflation, while Alibaba plans to accelerate its expansion for Europe. Explore how DinoSol achieved an increase in sales during 2021 and why Ahorramas closed 2021 with a decreasing turnover.   DIA invests €130m to tackle inflation DIA announced it has invested almost €130m during 2022 to help tackle inflation, Spain is a price sens...
02 September 2022
ELO, previously known as Auchan Holding, reported H1 revenue grew by 6.3%, with current operating profits growing by 24%. Auchan Retail reported an increase in turnover by 6.2% to €15,380m in H1 2022, compared to the same period in 2021.   Auchan Retail claimed EBITDA decreased by 21% to €440m in H1 2022, revealing Auchan France contributed majority of this fall, as a direct results of business...
28 July 2022
Carrefour reports a strong performance in a challenging environment and confirms its consolidated net sales in the first half of 2022 rose 13.2% to €39,054m with like-for-like (LFL) sales up by 5.4% compared to H1 2021. Source: Carrefour Carrefour France: positive Q2 sales performance The group revealed its consolidated Q2 sales increased by 17.2% to €23,078 and LFL sales increased by ...
21 July 2022
Carrefour announced in Paris its trialling a new initiative to reduce food waste, while also tackling inflation. Meanwhile, in Spain Carrefour-owned Supeco celebrates the launch of it 50 th store opening in the market. We also visited Carrefour Montesson, to explore how it applies refill stations throughout different product categories. Carrefour’s approach to tackling inflation and food wast...
08 July 2022
Spain-based Alcampo announced its full year 2021 results, during a challenge period, it recorded a decrease of 12.8% to €3,921m, compared to €4,497m in 2020. Alcampo’s investment 2021 The group highlighted during 2021 it increased its investment to €104m, an increase of 164.6%, compared to 2020. Alcampo allocated 16% of this investment to sustainability and 15% to the digitisation project, se...
03 July 2022
As part of its annual general meeting, Spain-based retailer alliance Grupo IFA has reported its 2021 results with a total consolidated turnover of €33.2 bn, across all its operations in Spain, Portugal and Italy. Who is Grupo IFA? Grupo IFA is the leading retail group by surface area in the Spanish and Portuguese markets and comprises 34 affiliate members and 137 affiliated companies. In...
16 June 2022
Spain’s market leader and one of Europe’s most admired retailers, Mercadona is increasing its commitment to its markets Spain and Portugal. We have identified five ways it continues to develop to stay ahead of the competition. 1. Mercadona betting big on its online expansion plan Although online has been a lower priority for the retailer over the past decade, like many retailers the pandemi...
14 June 2022
SPAR International published its 2021 annual report with a 3.3% growth on global turnover at €41.2 bn, even better against 2019 at +10.7%. Europe’s dominance continues Europe’s responsible for 80% of the global turnover of the SPAR business, reporting positive year on year growth. Western Europe took €25.6 bn in 2021 which was +1.8% year on year and +13.4% vs 2019. Other European markets in...
07 June 2022
With estimated sales of €12.5 bn in fiscal 2021, El Corte Inglés has begun to recover following the aftermath of the pandemic, posting sales growth of over 20% on 2020’s figure. The results are, however, still far from the retailer’s pre-pandemic sales of €15.3 bn in fiscal 2019. El Corte Inglés continues to be affected by the poor performance of several of its businesses, particularly the Via...
01 June 2022
The region of Madrid is Spain’s most affluent, boasting per capita income of €32,000, over 35% higher than the national figure of €23,700 (in 2020). The thriving Madrid economy has created an attractive market, which continues to draw investment from nearly all the country’s largest grocers. Retailers continue to perceive the region as a key market in which to showcase their advances, in terms of...