Spain news

10 November 2015
Alcampo has opened a new format hypermarket in Alicante today, a 4,000 sq. m store under the banner Alcampo City. Fresh, quality food is store's core focus Located in the Vistahermosa shopping centre, 90% of the store is dedicated to food and particularly to high quality fresh products. Traditional counters are complemented by a strong range of local products. Alcampo has also incorporat...
27 October 2015
As DIA releases 9M 2015 numbers showing sales up 14.9% to €7.8bn at a gross banner sales level (and up 14.1% to €6.6bn on a net sales basis), we look at three ways the retailer is looking to grow. Sales and profit performance: snapshot Sales in Iberia grew by 16.7% over Q3, with gross sales under the banner (i.e. including franchised stores) up 12.1% to reach €5.0bn over 9M 2015. While the ...
23 October 2015
Amazon built on its Q2 success with another profitable quarter in Q3, its fourth in a row, supported by growth from its AWS cloud computing division. Net profit reached $79m and operating income was $406m, against an operating loss of $544m a year ago. Meanwhile total net sales jumped 23% to $25.4bn. Highlights during the quarter included the launch of Amazon Prime Pantry in Germany and Japan,...
22 October 2015
Lidl has announced top-level executive changes in Austria and Poland, while Schwarz group CEO Klaus Gehrig opens up about the business in an exclusive interview with Dutch magazine, MT setting out the aim of generating sales of €100bn in the next five years. As part of the retailer's aim to reach the target, its recently announced expansion in France and the launch, in Germany, of its onlin...
16 October 2015
France-based Carrefour has announced third quarter results that saw organic sales growth, excluding petrol and calendar effects, rise by 4.2%. Total sales, including petrol, rose 2.2%, while excluding the effect of falling petrol prices, they rose 4.1% to €21.54 bn. The retailer’s third quarter results compared favourably against its nine month performance, where sales rose 3.4%, underlining h...
12 October 2015
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...
07 October 2015
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...
07 October 2015
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...
01 October 2015
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...
16 September 2015
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...