Spain news

19 December 2014
In an interview in El Economista, DIA’s group chief financial officer, Amando Sánchez, has explained how the retailer is aiming to maintain its market share growth in 2015 by focusing on expansion of both its store numbers and product range. Range expansion to include gourmet line Sánchez has said that to help change shoppers’ perception of the chain, it would be focusing on expanding its r...
18 December 2014
The high street value channel has experienced outstanding growth this year. We reflect on the progress of the UK's high street value discounters over the last quarter and how they are setting themselves up for further growth in 2015. Poundworld invests in IT Single-price retailer Poundworld has begun a 10-month investment programme in its IT systems as it prepares to double its es...
11 December 2014
Carrefour is launching a scheme in Belgium which matches prices with Ahold. We look at this and other news on recent price initiatives in some of Carrefour's European markets. Improving price perception in Belgium The price matching scheme is a local initiative, which will see two Carrefour stores pay customers five times the price difference if they find the same product cheaper at the ne...
11 December 2014
As Caprabo highlights the benefits of its store update programme, Covirán restructures and sets out its expansion plans, while research from online store Soysuper shows which retailers have been adding to their ranges during 2014, we round up the news from the market. Caprabo sees sales growth following store updates Caprabo has said that sales growth following its store updates, at 9.5%, h...
11 December 2014
As Costco announces strong Q1 2015 results, we look at how the retailer continues to develop its growth strategy in store expansion, online and through new engagement initiatives to drive traffic. Total sales up 7.4% Costco's net sales were up 7.4% to $26.3bn in Q1. Net income increased by 17% to US$486m for the quarter. Comparable sales, excluding negative impacts from gasoline deflation a...
27 November 2014
Arnaud Mulliez, CEO of Auchan France, resigns after 11 years, effective end of 2014. We also look at other recent developments for Auchan in Spain and Asia. Strategy for 2020 remains in place The French business has had a difficult time of late, with reports saying most recent results ( first nine months of 2014 ) have revealed a fall in turnover and profit below expectations. However, comm...
27 November 2014
Poundland has reported strong H1 figures for the 26 weeks ended 28 September 2014, with like-for-like sales up 4.7%. Total sales up 15% Single price point retailer Poundland has enjoyed a solid performance in the first half of the year with double-digit sales growth of +15% taking turnover to £528.2m. Fuelling the high street retailer's success is its robust store opening plan, which has ...
24 November 2014
As Carrefour announces another acquisition in Italy, we look at other recent moves to strengthen its business in western and central Europe. Building a convenience presence in Italy Carrefour is acquiring 16 stores from Il Centro in the provinces of Florence and Arezzo, and one store in La Spezia. The stores (totalling over 4,000 sq. m of sales area) will be rebranded to Carrefour Express ...
14 November 2014
As Condis announces plans to double sales in the next five years, Mercadona is rolling out contact payment solutions and DIA begins to add its private label brands at El Árbol, we round-up news from the market. Condis aiming to double sales in five years Speaking at the recent Aecoc Congress event, Condis’s chief executive, Enric Ezquerra has said that the retailer is aiming to double its sal...
05 November 2014
Spain-based DIA has announced that it will acquire 160 stores from Eroski, with the majority – 108 – of them in the region of Madrid, for €146 million. The purchase marks DIA’s second large-scale acquisition in 2014, after buying the El Árbol chain, and casts the retailer as a consolidating force in the fragmented Spanish grocery market. Purchase of Eroski stores part of wider strategy Speaki...