Spain news

03 September 2014
Spain-based El Corte Inglés has announced full year results for the year ending 28 February 2014 saying that sales dropped by 1.8% to €14.3 billion, with the fall led by its hypermarket division. However, the retailer noted that net profits rose by 6.2% to €174.4 million, the first rise in five years. Sales fall strongly at Hipercor El Corte Inglés has been affected by the economic downturn i...
29 August 2014
As Mercadona announces that it now operates more than 1,500 stores in Spain, we round up news from Eroski, El Corte Inglés and others as they aim to differentiate themselves to compete with the market leader. Mercadona continues to expand After investing €175 million so far during 2014, Mercadona has opened 35 new supermarkets, taking its total to 1,502, and updated 22 old stores to its new f...
29 August 2014
Auchan has reported consolidated revenue growth (ex. taxes) of +16.1% for the first half of 2014. Highlights included full consolidation of Chinese subsidiary Sun Art Retail, and commencement of integration of the Real hypermarkets in Poland. Main growth driver is expansion in Eastern Europe and China Revenue would have been up by 4.9% excluding the impact of the full Chinese consolidation...
19 August 2014
We round up some of the recent news on Carrefour, including its first pop-up Drive store at the beach, expansion in Poland and Spain, and working with local suppliers in Romania. Open to acquisitions in Poland According to local press reports, Carrefour has resumed expansion in Poland. Robert Nocén, hypermarkets director, said the number of stores would not increase in a spectacular fashio...
31 July 2014
Carrefour has today (31 July) reported growth in recurring operating income of 13.8% for the first half of 2014, and an increase in net income of 16.7%. For France, Carrefour reported 'good profitability in all formats' and a 6.9% increase in recurring operating income. Improved gross margin, resulting from decreased shrinkage and cost savings from logistics, was the primary driver. In Eur...
28 July 2014
Spain-based DIA has announced second quarter results saying that, in Euro terms, gross sales fell by 2.7% to €3.0 billion, affected by the depreciation of the Argentinean peso and the Brazilian real during the year. Sales fall in Iberia In its home market and Portugal, DIA said that gross sales fell by 2.9% in the second quarter to €1.52 billion, affected by like-for-like sales that contrac...
23 July 2014
How Auchan is growing smaller formats, franchise, digital, and new retailer partnerships across France, Russia, Portugal and Spain. Auchan to sell Waitrose products in Portugal Auchan and Waitrose have signed a deal which will allow the latter to sell its products in six Auchan stores in Lisbon and the Algarve. The 100-strong range is likely to appeal to holidaying Britons in these popular P...
20 July 2014
Spain-based Eroski has announced, as part of its turnaround strategy and agreements with banks to lower its debt load, that it remains focused on driving change as part of its ‘Strategic Plan to 2016’. Expansion continues, but sales contracted in 2013 Looking back at 2013, Eroski’s president, Augustine Markaide, said that it had been ‘a key year’ for the retailer as it marked the laying of...
03 July 2014
Poundland has reported full year sales growth of +13.3% for the year to 30 March 2014. Underlying pre-tax profits reached £36.8m, an impressive +23.5% YoY. Total LFL sales up 1.9% YoY as sales approach £1bn Poundland has announced sales for 2013 just under the £1bn mark, at £997.8m. This was over £100m higher than last year when the discounter reported sales of £880.5m. Poundland has had ...
02 July 2014
We round up recent news on Auchan from France, Spain and the Middle East. Alcampo optimistic for 2014 Alcampo president Patrick Coignard has spoken of his confidence in trading in the current year, despite economic difficulties in Spain. Alcampo invested €53m in renovations and in-store improvements in 2013, including opening three fuel stations in Barcelona, Zaragoza and Cádiz. E-commerce ...