Spain news

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 ...
05 March 2015
At today's presentation for the 2014 full year results, Carrefour said its action plans were bearing fruit as it confirmed an acceleration in its organic sales growth for the year, up 3.9%. Recurring operating income increased by 7% in Europe and 14.9% in emerging markets. 2014 results confirm growth momentum Carrefour began by giving an update on Georges Plassat's health; the CEO will be b...
05 March 2015
Spain-based Mercadona has announced full year results for 2014 saying that revenue, including tax, rose 2% to €20.16 billion. However, the retailer suffered from a contraction in like-for-like sales, of 0.5%, with it noting that price cuts had led to a smaller basket size for some shoppers. Expansion continuing to underpin sales growth Mercadona said that it continued to expand, adding 60 n...
04 March 2015
As a number of retailers in Spain announce their 2014 full year results, we round-up how each has performed during the year. Consum turnover ‘ exceeds €1.94 billion ’ Consum’s director of external relations, Javier Quiles, has announced that the retailer enjoyed turnover growth of 5%, taking its total to €1.94 billion. Quiles said that the growth in turnover had been driven by an associated...
02 March 2015
In an interview in The Grocer , Spain-based DIA’s chief corporate officer, Amando Sánchez-Falcón, has said that the retailer could consider entering the UK through a similar arrangement as that between Sainsbury’s and Denmark-based Netto. ’ We would be ready to look at opportunities ...’ While Sánchez-Falcón said that ‘ there is a discount opportunity in the UK ’ he stressed how any inve...
23 February 2015
DIA reported a 1.1% increase in gross sales under banner for 2014, in euro terms (+9.9% in local currency), despite challenging conditions in some of its markets.   2015 focus on core markets and proximity Having successfully disposed of DIA France and acquired El Arbol and a number of supermarkets from Eroski in Spain, DIA is focused more closely on its core markets and proximity strategy....
06 February 2015
As part of a presentation to the ‘XXI Santander Iberian Conference’, DIA’s chief corporate officer, Amando Sánchez Falcón, has said that the retailer expects results to improve in 2015, aided by an improvement in the local economy, but driven by the continued implementation of its focused ‘ price and proximity ’ multichannel strategy. We highlight four of the key takeaways from the presentatio...
06 February 2015
Poundland has announced that, subject to regulatory approval, it is to acquire 99p Stores' 250 store business for GB£55 million (US$83.8 million). An important step forward for Poundland The Poundland business has gone from strength to strength over recent years, with a hugely impressive track record of double-digit growth. The business has delivered this while maintaining solid profitability...