Spain news

The region of Madrid is Spain’s most affluent, boasting per capita income of €32,000, over 35% higher than the national figure of €23,700 (in 2020). The thriving Madrid economy has created an attractive market, which continues to draw investment from nearly all the country’s largest grocers. Retailers continue to perceive the region as a key market in which to showcase their advances, in terms of...

Traditionally, a large percentage of Spanish shoppers used to get their fresh food in traditional stores and markets, buying their dry groceries in supermarkets. However, in recent years retailers have improved their fresh offer, progressively gaining share from the traditional sector. Therefore, while over 30% of fresh food is still sold through the traditional sector, this figure is steadily...

Spanish cooperative Eroski posted gross sales of €5.1 bn during fiscal 2021, a 4.8% decrease on 2020’s figure. The fall was attributed to COVID-19 restrictions, which were in place during parts of 2021. These affected sales at Eroski’s petrol stations, travel agencies, and its operations in tourist regions, such as the Balearics. However, despite the fall in sales, the turnover from food-based...

As discounter DIA continues rolling out its new store concept and franchise model in Spain, the company has published its Q1 2022 results, posting net sales of €1 bn in its home market, 4.2% less than a year earlier. Like-for-like sales decreased by 1.8%, while the company’s store count contracted by 4.6% compared to March 2021. A shrinking store count and market share The last few years ha...

Carrefour reports its first quarter sales rose 9.0% to €20,239m with like-for-like (LFL) sales up by 3.4%, we look at three key takeaways from the results announcement. 1. Carrefour continues to gain market share in France, Spain and Brazil Carrefour announced it increased its sales across France, Europe and Latin America. We highlight the three countries where the retailer is gaining market ...

We have visited the first permanent cashierless store in Spain, which was opened by locally based start-up Geniot, in Madrid in March. The pilot store relies on the APRE (Automatic Pilot Retail) system, which has been developed by Geniot, and enables the store to be open 24/7 with a minimal number of staff. The launch comes after the opening of a pop-up cashierless store from start-up Ghop and fo...

Over the last decade, Lidl and Aldi have evolved from being two no-frills hard discounters paying little attention to fresh produce to become increasingly supermarket-like. Thus, while their strategy remains focused on providing low prices and a strong private label offer, they have strongly upweighted their focus on fresh and organic products and ranges. Both retailers are rising up the ranki...

Spain’s leading grocer, Mercadona, generated gross sales of €27.8 bn in 2021, up 3.3% on 2020’s figure. Net income was €680m, a 6% decrease compared with 2020. Mercadona invested a total of €1.2 bn in 2021, €920m on 79 new store openings and store refits, €180m in its supply chain and €100m to drive the development of its online business. The retailer ended 2021 with 1,662 stores, 21 more than...

Consum-owned Charter announced record sales growth in 2021 and plans to expand its network throughout 2022. Furthermore, Supercor Stop&Go advances its partnership with Repsol and Bon Preu announced its sales increased to €1,782m. Charter revealed record sales Consum sales to Charter reached €444m in 2021, an increase of 12.9% compared to 2020. The group revealed it added 14,200 sq m of sales ...

Consumer prices rose 7.6% year-on-year in February in Spain, the highest level since 1986. The increase in prices was driven by a perfect storm of rising costs across most industries, but especially energy and food. In relation to food, there have been increasing production costs that affect the entire food chain, from farmers to food producers and retailers, which is prompting a steep rise in...