Spain news

We've visited stores in France and Spain to see how the retailer's strategy in-store is changing. Highlighting local On recent visits in France in particular, but also in Spain, we've noticed a real focus on highlighting local products. In Carrefour Market in Annemasse, we witnessed a great celebration of local specialities. In the Lille hypermarket we visited this week that was taken even ...

As Eroski announces a fall in its annual sales, to January 2015, we review some of the initiatives it is putting in place to drive sales growth in the short term. Eroski: revenue fell 2% in 2014 Eroski said that during 2014 its turnover fell 2% to €6.11 billion, with its performance affected by ‘ unfavourable market conditions ’. The retailer said that sales at Caprabo reached €1.33 billion...

We’ve been in-store in Madrid this week to see how Spanish FMCG retail is evolving. Here are the six most important things we learned. Private label and its increasing sophistication The global economic crisis had a major impact on Spain and Spanish consumers. One of the key impacts of the economic contraction in FMCG retail was a growing willingness of Spanish shoppers to buy private labe...

As EMD appoints a new president, new buying alliances are formed in Spain, between Eroski and DIA, and Portugal, between DIA and Intermarché, we round up news relating to these groups. EMD appoints Euromadi Ibérica’s chief executive as president Europe’s largest buying alliance, EMD, has appointed the chief executive of Euromadi Ibérica, Jaime Rodríguez, as its president, replacing Superuni...

As Ahorramás and Grupo IFA announce full year results for 2014, DIA sets out expansion plans for its new ‘La Plaza de DIA’ banner and Hiperber introduces an ‘Atacajero-like’ store, we round up news from Spain. DIA aiming for 100 ‘La Plaza de DIA’ by end of 2015 Following the opening of five La Plaza de DIA stores so far, with four in Andalucía and one in Madrid, DIA has said that it is aimi...

Poundland has reported full year sales growth of 11.4% for the year to 29 March 2015. Underlying pre-tax profits reached £43.7m, a strong performance at +18.6%, while the retailer has also announced that Trading Director Richard Lancaster is to leave the business. Record sales exceed £1bn Poundland hit a milestone in the last full financial year with sales reaching £1.1bn. A healthy sales y...

We've been in-store at Calle Uruguay in Madrid to visit DIA´s new supermarket fascia, opened this week, as the discounter goes ahead with the rebranding of the 144 Caprabo and Eroski stores acquired in April. This year, DIA plans to invest over €45m in the conversion of 100 of these outlets.   Source: IGD Research DIA continues to move away from its hard discount roots La Plaza de D...

Iceland has reported a sharp fall in annual profits and negative sales growth in what CEO Malcolm Walker described as "an exceptionally challenging year". Profits drop in challenging market Iceland's underlying earnings for the 52 weeks ended 27th March were down 26% to £150.2m, £52m down on the previous year. While these results partly reflect a disappointing sales performance, the p...

After a period of slowing sales across its operations, El Corte Inglés said sales dropped by 1.8% in the year ending February 2014, the retailer has been trialling a number of initiatives to drive footfall across its store estate. We round up the most recent programmes announced by El Corte Inglés and consider how they could affect the retailer’s performance in the short term. Retailer modifie...

Spain-based Mercadona’s successful strategy of recent years has been built on placing the shopper at the centre of its strategy and meeting their needs through expanding stores and expanding its range with new, invariably locally bought, products. A number of recent announcements underlines the retailer’s continued commitment to the strategy. Investment programme to be maintained in 2015… Mer...