Spain news

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 ...

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 ...

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...

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...

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...

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...

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...

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...

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....

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...