Spain news

18 June 2015
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...
12 June 2015
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...
10 June 2015
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...
02 June 2015
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...
27 May 2015
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...
27 May 2015
As Ahold US launches ‘Limited Time Originals’, Delhaize completes the redesign of its ‘My Essentials’ brand in the US and Carrefour updates its gluten-free range of private label products in Spain, we look at some of the recent private label developments occurring globally. Ahold US introduces limited time private label Ahold USA has announced that it has launched a new range of private lab...
26 May 2015
Schwarz Group has reported a strong sales growth of 7% year to €79.3 bn in the financial year 2014. Lidl reports strong revenue growth Schwarz Group has reported a strong net sales growth of 7% year to €79.3 bn in the financial year 2014. Lidl’s revenue grew by 9% to €59 bn year on year, while Kaufland’s revenue accounted for €20.3 bn, up 2.8%. Lidl operated around 9,800 stores out of whi...
26 May 2015
Amazon has restructured its business and will reportedly begin paying corporation tax in the UK and other EU countries. Corporation tax in the UK Amazon has restructured its UK business into a London-based subsidiary and is ready to begin paying corporation tax in the UK for the first time rather than Luxembourg, according to reports. The move follows a government investigation into big ...
21 May 2015
As Gadisa, Caprabo and Dinosol announce 2014 annual results and DIA says that it is streamlining its business in the country following its acquisitions, we round up news from Spain. Gadisa saw turnover rise 1.6% in 2014 Gadisa has announced that its turnover rose 1.68% to €996.4 million in 2014, ending the year with 367 stores in Galicia and Castilla and Leon: 214 supermarkets that it owns ...
13 May 2015
As DIA announces first quarter results, Caprabo and Consum discuss the performance of their stores and the benefits of new concepts and SPAR’s new partner for the Galicia region examines opportunities for expansion, we round up news from the country. DIA: Q1 sales positive, despite multiple operational hurdles DIA has announced first quarter results saying that gross sales under banners gr...