Spain news

01 September 2015
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...
01 September 2015
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...
01 September 2015
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...
20 August 2015
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...
07 August 2015
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...
06 August 2015
Conad, Colruyt and Coop Schweiz have joined buying group Alidis, a development that leads to the dissolution of the CORE alliance and follows Rewe’s decision to return to Coopernic. Alidis now has six members Conad, Colruyt and Coop Schweiz join longstanding Alidis members Edeka, Eroski and Les Mousquetaires (Intermarché). Following their addition the alliance has members with a combined tu...
06 August 2015
Metro Group’s 9M 2014/2015 and Q3 2014/2015 show promising development at Metro Cash & Carry which has reported eighth consecutive quarter with like-for-like sales growth, positive development in Spain and Italy, and cost control in Russia. Media Saturn’s like-for-like sales growth remained positive, but significantly slowed down, while Real’s performance in Germany has not improved. Group...
31 July 2015
Spain-based Eroski has underlined its growing strategic focus, outlining the benefits of its new ‘ contigo ’ format and its franchise-led expansion programme. Retailer gives more details on ‘ contigo ’ format Leire Mugerza, the president of Eroski’s governing council, has been discussing the retailer’s ‘ contigo ’ (‘ With you ’) format saying that it has enabled stores to promote greater l...
31 July 2015
As El Corte Inglés sells a stake in its business, Covalco and Hiperber add new stores to their networks and Grupo IFA and Gasol collaborate to heighten awareness of healthy options, we round up the news from Spain. El Corte Inglés sells stake to Qatar Investment Authority Following a challenging period for the retailer, which has suffered during Spain’s economic downturn by being focused on...
30 July 2015
Following DIA’s half year results we look at the strategies the retailer is putting in place to drive growth in the medium term. Half year results paint mixed picture In its first half DIA said that gross sales under banner rose 15.3% to €5.1 billion, driven by a 22.7% rise in sales, to €1.88 billion, in its emerging markets. In Iberia gross sales rose by 9.7%, to €3.23 billion, although th...