Spain news

22 June 2016
We look at Lidl's latest developments in the Netherlands, Denmark, Spain and new market, Lithuania. Lithuania: entering the market with 15 stores Lidl has entered its 27th market. The discounter launched its new venture in to Lithuania with 15 stores across nine towns and cities, including five in the capital city of Vilnius. Supporting these and future stores is a  €40m logistics centr...
16 June 2016
Poundland's results for the year ending 27 March 2016 reflect both a challenging market and disruptive trading from its recent 99p Stores acquisition, however the discounter is confident that this has prepared the ground for future growth. FY 2015/16 in numbers Total sales for the year came in positive at £1,326m, up 18.7% on the year before, due to the 53% increase in stores across ...
10 June 2016
As Spain-based Eroski announces another set of results in which total sales have fallen, we look at the strategies it is employing as it looks to turnaround its performance and looks to drive growth in 2016. Results round up Eroski has said that in 2015 net sales fell 0.99% to €5.28 bn, but that operating profit rose 14.7% to €104.7m as its operating margin improved, reaching 2.0%. The sale...
08 June 2016
Japanese e-commerce firm Rakuten has announced that it will shutter its operations in the UK to Spain and focus on France and Germany. Closure as part of the global retrenchment The decision to close Rakuten.co.uk in the UK and Rakuten.es in Spain, as well as its offices in Cambridge and Barcelona, is due to the high capital cost of growth relative to the size of the businesses. This reflec...
27 May 2016
Schwarz Group has reported revenue growth of 7% to EUR85.7bn in the financial year 2015/2016. Lidl’s revenue grew by 9% to EUR64.4 bn, while Kaufland revenue increased by 4% to EUR21.1 bn. Spain, the Czech Republic and Austria were some of the best performing markets ( Lidl’s double digit sales growth across Europe ). Increased investment The group plans to increase its capex from EUR5.2...
26 May 2016
As Costco reports slowing comparable store sales growth for the third quarter, we look at what’s been driving its performance. Profitability improves as sales growth eases Costco’s third quarter sales increased by 2.5%, with comparable store sales (excluding fuel and currency impacts) up 3%. This included an increase of 8% in Canada, its strongest international performance. Profitability a...
13 May 2016
As DIA announces first quarter results, Eroski expands and spotlights its ‘ Contigo ’ format and Caprabo trials a click and collect service for grocery ranges, we round up news from the country. DIA sees positive start to 2016 DIA, at a corporate level, saw gross sales fall 3.9%, including foreign exchange effects, to reach €2.4bn, with total sales rising by 2.0% in its Iberia-based operati...
12 May 2016
Tesco expands its wholesale partnerships and boosts its UK range. Expanding Tesco's overseas presence Tesco has agreed a wholesale partnership with Spanish department store El Corte Ingl é s. The deal expands Tesco's overseas wholesale presence, which was initiated less than four years ago and spans over 20 countries, including the Asian and the Middle East regions. Tesco's presenc...
11 May 2016
As El Corte Inglés starts selling its private label products in the UK through Tesco, DIA and Condis announce new online developments and Consum and Gadisa publish strong 2015 results, we round up news from the country. El Corte Inglés to sell private label ranges in UK El Corte Inglés has started selling its private label ranges in the UK through Tesco. Tesco will begin stocking 48 produ...
05 May 2016
Discounters across Europe including Aldi Sud, Aldi Nord and Biedronka are opening doors to branded manufacturers and listing more of their brands, while branded manufacturers are increasingly willing to list their product on discounters’ shelves. Why is that? Nestle, P&G and Unilever at Aldi Nestle and P&G in Germany have cooperated with Aldi Sud for a while, however, the number of SKUs...