Spain news

08 May 2015
Metro Group has introduced its new operating model, which is based on greater decentralisation and empowerment, more entrepreneurship and better, faster decision making. We attended its investor day to learn about how this will change the business structure and growth potential.  With this model Metro Cash & Carry is moving from a transactional cash & carry model to one of partnership, offerin...
28 April 2015
Spain-based DIA has announced that it has reopened a converted Eroski store to a new banner: La Plaza. The retailer says the new format, to which most of its recently acquired Eroski stores will be converted, is ‘ in line with its strategy to continue investing in the development of proximity shopping formats and especially those with a special attention to fresh produce '. Upweighting o...
27 April 2015
Following an interview between Poundland CEO Jim McCarthy and the Daily Telegraph, we look at how the retailer plans to grow.  A strong growth story to date Leading UK variety discount and single price-point retailer, Poundland opened its first store 25 years ago and has celebrated its silver jubilee year with its sales surpassing £1bn and over 590 stores.  While still UK focused, Poundlan...
13 April 2015
As Covirán and Eroski spotlight locally sourced produce, DIA receives approval for its acquisition of Eroski stores and Mercadona integrates Apple Pay into its range of payment solutions, we round up the news from Spain. DIA’s purchase of Eroski stores approved… DIA has received approval from the Comisión Nacional de los Mercados y la Competencia (CNMC) for its acquisition of about 160 Eros...
10 April 2015
France-based Carrefour has announced first quarter results saying that consolidated sales rose by 6.2% in total and by 3.2% on an organic basis (excluding petrol and calendar effects) to €21.0 billion. The retailer’s strong performance in France, where it enjoyed organic growth of 2.6%, drove total results, but Carrefour saw positive results across most operations, bar China. Sustained perform...
31 March 2015
As Eroski and Consum spotlight their store investment programmes and Mercadona highlights the benefits that it brings to local economies in Catalonia and Madrid, we round up news from Spain. Eroski renovates stores as part of strategic efforts Eroski has announced that it has completed refurbishing 12 stores in the Basque Country in its first quarter as part of its 2015 transformation plan....
20 March 2015
As SPAR Spain announces its 2014 annual results, which saw sales rise by 0.5%, DIA launches a new advertising campaign and Mercadona and Lidl announce investment plans for 2015, we round up the news from the market. Mercadona to invest €650 million in 2015 Following on from the announcement of its year end results, Mercadona has said that it will invest €650 million in 2015, with €250 milli...
19 March 2015
We explore how Lidl's strategy to expand and modernise its estates has influenced key investments in 2015. Austria: continuing largest store investment Lidl is undertaking its largest store investment in Austria since it entered the market in 1998. In 2013 and 2014 the discounter invested  € 70m and €100m respectively and in 2015 we will see Lidl invest another €100m, taking its store coun...
11 March 2015
As Vegalsa’s chief executive highlights the retailer’s multichannel strategy, Eroski says it aims to grow its franchise network and Covirán’s chief executive reflects on the company’s strategy, we round up news from the market. Vegalsa-Eroski to drive store modernisation programme Vegalsa-Eroski’s chief executive, Joaquín González Iglesias, has discussed the retailer’s medium to long term s...
09 March 2015
Auchan has reported a 14.7% increase in revenue for 2014, driven by consolidation of Real hypermarkets in Poland and the full consolidation of Chinese operation Sun Art Retail Group. France: "performance lower than we expected" Group revenue fell in France (-2.2%) mainly due to price cuts, and was down -6% in Western Europe as a whole, because of difficulties in Italy. Despite mixed trends ...