Spain news

02 October 2014
Eroski has reported operating profit of €28.2m for the half ended 31 July 2014. New improvements in internal efficiencies, and a 14% reduction in expenses, contributed to better results. Restructuring for future success The economic downturn and weak consumer spending in Spain continued to affect Eroski. Turnover for the half reached €3,201m, consolidating the slowdown in sales. Eroski conti...
24 September 2014
As Carrefour opens a gourmet store in Italy, we look at other recent news involving the retailer's operations in Romania, France, Spain and Taiwan. Format development in Italy Carrefour opened its first Carrefour Market Gourmet store in Milan on 18 September. The outlet is on Piazza Gramsci and offers 11,000 products demonstrating "a selection of Italian excellence." Service aspects also ...
23 September 2014
Spain-based Eroski has announced that it is going to launch a new loyalty programme in October 2014 to enable customers who buy from it across its various operations – stores, online, travel agency, opticians and mobile phone contracts – to benefit. Eroski to boost savings for cardholders Eroski has said that with the launch of the new club – which follows the successful trial at two stores i...
19 September 2014
Discounter Lidl has launched transactional wine websites in Europe selling exclusive French wines. Transactional website launches outside Germany  Described on Lidl's Dutch website as 'a journey through  the French wine country', the click through leads to the discounter's first transactional website outside of Germany. The website features a small yet exclusive selection of Frenc...
10 September 2014
As Ahorramás decides to grow its presence in Madrid, Mercadona adds to its investment plans, Unide launches a new communication strategy and MAS enters the convenience store channel, we round-up news from the market. Mercadona adds to its expansion plans, focuses on innovation In separate announcements, market leader Mercadona has said that it will be adding further stores in 2014 than previo...
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...