Spain news

As Ulabox adds to its commercial team, Covirán reaffirms its commitment to the cooperative model and Condis and Bon Preu prepare for an omnichannel future, we round up news from the market. Bon Preu advances omnichannel offer Three years after the launch of the Iquodrive platform, Bon Preu has announced that its ‘Drive’ offer accounts for 1.5% of group sales, despite being available at only...

As Eroski, Grupo Hermanos Martin and Hiperber update on their financial performance, Eroski-Vegalsa launches an online store for its cash & carry banner and El Corte Inglés adds a new health and beauty private label, we round up news from Spain. Eroski announces stable H1 sales Eroski has revealed stable sales for the first half of its financial year, at €2.966 bn, while noting that operati...

As DIA announces a number of developments we review how they sit alongside the retailer’s key priorities for the short term. Strengthening proximity offer by empowering franchisees Speaking with infoRetail, DIA’s franchise director, Santiago Paramo, has said that the retailer continues to be focused on generating profitable growth, with franchisees underpinning this strategy. Paramo said th...

As Costco delivers another year of strong sales and profit growth, we highlight six key takeaways from its results. Headline growth held back by fuel and currency impacts Costco’s full year sales came in at $113.7bn, an increase of 3.1%. These were held back by lower fuel prices in the US, and weaker foreign currencies versus the US dollar. Comparable store sales, strippi...

As Consum and Bon Preu update on their revenue performance and Eroski expands its coverage for its click and collect service, we round up the news from Spain. Consum expecting strong rise in revenues in 2015 Consum has said its performance thus far in 2015 is enabling it to forecast total growth of nearly 10% for the year. The retailer said that its continued expansion, which has seen it ad...

Spain-based El Corte Inglés said revenue rose 2.6% to €14.59 billion during its financial year ending 28 February 2015, ending three years of contracting revenues. The retailer said that its core department store drove its performance, with revenue up by 3.6% to €8.77 billion, with this offsetting a fall in sales at its hypermarkets and supermarkets. Grocery banners remain under pressure… D...

Auchan has reported a 3.4% increase in consolidated revenue, to EUR26.9bn, for the first half of 2015 (+2.0% at constant exchange rates). The French business remains a concern however, with revenue down 2.9% in the home market.   "Difficulties in France" as large stores struggle Auchan reported a fall of 3.2% in hypermarkets' and 2.7% in supermarkets' revenues. Auchan expects the allianc...

Poundland has announced its launch online in the UK, a move which has been highly anticipated since its intentions to trial a transactional website were announced in early 2014. No minimum orders Poundland has announced its launch online in the UK, a move which has been highly anticipated since its intentions to trial a transactional website were announced in early 2014. Delays to t...

As Mercadona starts building the distribution centre that will support its growth in the Basque Country, Eroski explains the growing benefits of its franchisee network and Condis updates on its performance, we round up the news from the country. Eroski: performance being driven by franchisees Speaking to infoRETAIL, Eroski’s franchise director, Enrique Martinez, underlined the importance of...

The competition between Aldi Süd and Lidl in Germany is likely to intensify in the next few months as Aldi Süd begins to list more branded products. The move is a great opportunity for branded manufacturers to get listed and drive volume. However, with more brands entering the discount channel, price wars are likely to come. Aldi began to extend branded product categories from the start of 201...