Spain news

18 August 2020
El Corte Inglés reveals an increase in turnover and profits during 2019. Meanwhile, Cepsa and Glovo have expanded their partnership and extended it to Portugal. Separately, Alibaba’s Alba Ruiz highlights the development of the new retail effects since the impact of COVID-19.  El Corte Inglés positive 2019 FY results El Corte Inglés recorded a profit of €310m in its 2019 financial year, an i...
17 August 2020
Mercadona announced it intends to continue its expansion plans, after slowing the pace of new store openings due to the coronavirus pandemic. Meanwhile, the retailer reveals new projects in Spain and Portugal to reinforce local buying and its expansion plans, with it giving specific details about its plans for the latter country and how it will invest in Madrid. Store openings in Portugal M...
11 August 2020
Spain-based DIA has revealed a €50m investment to construct a logistic warehouse to serve 500 stores across three communities. Furthermore, the retailer’s online sales increased to 100,000 deliveries per week. Meanwhile, DIA and Amazon reinforced their alliance by extending its La Plaza de DIA products to Amazon Prime’s customers in Seville. DIA invested €50m in logistics warehouse DIA is l...
06 August 2020
In its Q3 2019/20 results, Metro reported a 17.5% decrease in like-for-like (LFL) sales, compared to the previous year, driven by the Coronavirus (COVID-19) pandemic and its negative impacts on the hospitality sector. However, as of July this year, Metro noted that sales had recovered to the previous year’s level in its Hotels, restaurants and catering (HoReCa) division. Germany: like-for-like...
30 July 2020
Carrefour reported Q2 results as like-for-like (LFL) sales increased by 6.3%. The strong results were driven by the good performance and omnichannel strategy in most markets including Spain, Belgium and Brazil. Q2: atypical activity due to COVID-19, convenience +19.0% LFL The multi format and omnichannel model confirmed its resilience and adaptation to the various shopper needs during the d...
20 July 2020
As Auchan partners with Glovo for four European markets and extends the reach of its click and collect services in Poland, we round up news from the retailer. Auchan signs partnership with Glovo Auchan, after a trial with the delivery company in Portugal and Ukraine, has said it is set to formalise its partnership with Glovo in the two countries and extend it to Poland, and Spain. The trial...
14 July 2020
As the Auchan-led buying alliance presents new commitment proposals, its revenue remains flat in Spain in 2019 and it extends its delivery options in Romania, we round up news from the retailer. Auchan-led buying alliance to revise cooperation agreement France’s Antitrust Authority has said it is reviewing the scope of the agreement between Auchan, Casino, Metro, and the Schiever Group to s...
25 June 2020
As part of its annual general meeting, Spain-based retailer alliance Grupo IFA has reported its 2019 results with a total consolidated turnover of €26.4 bn (US$29.6 bn) across all its operations in Spain, Portugal, and Italy. In the largest market, Spain, revenue rose 4.9% to €13.5 bn (US$15.1 bn). IFA said its member’s market share in the supermarket channel increased a percentage point betwe...
25 June 2020
DIA Group revealed it lost €142.6m in Q1 2020, while Capbro announced its positive FY 2019 results and outlines its franchise model. Separately, Carrefour is planning to reinforce its support for local suppliers, while Gadisa has modified its proximity strategy in Galicia and Castilla y León. DIA’s challenging Q1 2020 The DIA Group has announced a loss of €142.6m in Q1 2020, an improvement ...
11 June 2020
Three developments from Auchan in Spain, Poland, and Ukraine. Auchan Retail Spain’s franchisees enjoy strong growth In an interview in local trade publication infoRETAIL, Auchan Retail Spain’s director of expansion, franchising and M&A, Javier Samperiz, said sales at its franchised stores rose 4.9% in 2019. He said 11 new stores had been added to its franchised estate, taking its total to 1...