Spain news

11 June 2014
A new value retailer is entering the UK; Dutch lifestyle store, Hema, has opened its first store in Victoria, London this week. Hema arrives in the UK Earlier in the year Hema announced plans to enter in the UK this summer with three locations already chosen in the capital: Victoria Place, Kingston and Bromley. As part of its wider retail offering, Hema stores offer selected food, drink ...
21 May 2014
Online price comparison spotlights differences, while in separate talks El Corte Ingles and Repsol and Unide and Covirán discuss tie-ups and Caprabo commits to buying more locally. Unide and Covirán announce merger talks Two locally-based cooperatives, Unide and Covirán, have announced that they have begun merger talks that could lead to the two combining their operations. The combination o...
20 May 2014
Spain-based Eroski has announced 2013 results saying that revenues fell 4.3% to €6.7 billion, with its performance affected by the economic downturn and continued weak consumption amongst shoppers. Retailer pleased with results of action plan Eroski said that while the full year results underlined the difficult market conditions, it had been pleased by the effect of its action plan, which it ...
19 May 2014
Boots’ full year results revealed a revenue increase of 4.3% to £23,367m, while trading profit increased by 0.4% to £1,270m. Boots attribute its flat line growth to increasingly competitive markets. Health and beauty division sees stable performance Boots’ health and beauty division reported solid revenue up 2.4%, to £7,662m. The UK market accounted revenue of £6,697m, up 2.2%, with...
15 May 2014
Costco has opened its first store in Spain this week located in Seville. Potential in Spain Although the US is key, accounting for over 70% of warehouses and turnover, Costco is becoming increasingly international; half of all warehouse openings in 2013/14 will be outside the US. Seville provides Costco with access to a population of a million people within a half-hour's drive of the store....
13 May 2014
In the last week a number of Spain’s retailers have announced results, we round-up the annual statements from Consum, Caprabo and Vegalsa – Eroski and the most recent quarterly results from DIA. Consum sales rise 4.3% Consum has announced that its sales rose by 4.3% in 2013 to reach €1.84 billion, driven by the addition of 32 stores (13 of which are company-owned and 19 franchised). Following...
12 May 2014
Spain-based Eroski has announced, in separate statements, that it is continuing to expand its ‘with you’ store format and the number of items it carries in its online store. ‘With you’ format opens in Orio The retailer said that it had invested €1.6 million in its store in Orio, in the Guipúzcoa province, bringing its ‘with you’ format to the area for the first time. The store, which operates...
08 May 2014
The single-price point retailer has revealed full year sales of almost £1bn for 2013/14. S ales near £1bn mark In its full year update, Poundland has revealed it achieved sales of £997.8m in the year to 30th March, an increase of 13.3% on the previous year. While the value retailer will disclose its full audited results on 3rd July, it is said to have delivered 'a good underlying profit ...
08 May 2014
DIA has reported a fall of 2.1% in gross sales under banner for Q1 2014 (+9.5% in local currency), and confirmed that it has begun a process to sell its operations in France. Divesting France to focus on core markets DIA's French stores have been struggling for some time and Mr Currás said divestment was in the best interests of shareholders, employees and franchisees, allowing the retailer ...
06 May 2014
Recent news from Carrefour: expansion in Spain, extending reach of Carrefour products to the UK, and profit in Turkey. Supeco expanding in Madrid Discount cash & carry format Supeco has opened its first store of the year. The outlet in Alcalá de Henares, Madrid, is 1,600 sq m and opens Monday to Saturday 09:00 - 22:00. This is Supeco's second outlet in Madrid, and takes its overall number ...