Spain news

10 April 2014
Carrefour has reported consolidated sales up 3.7% on an organic basis for the first quarter of 2014, with a "good performance" in France and Spain. Organic growth in emerging markets was +10.5%. Ongoing improvements in France and Spain First quarter sales faced what Carrefour called a "significant -7.4% impact" from a combination of a currency effect (-5.3%), later Easter (01.3%) and a fall...
10 April 2014
Spain-based El Corte Ingles has announced that it is going to cut prices on a further 3,000 products, adding to the cuts it has made to prices on 5,000 items previously. Existing price cuts have proved successful El Corte Ingles said that the price cuts it carried out on 3,000 products in 2013 have boosted sales by 4% in value terms and by 12% in volume terms. This positive uplift to sales ha...
09 April 2014
Speaking at an event to celebrate the company’s 20th anniversary in the country, Lidl Spain’s chief financial officer, Ferran Figeruas, said that the retailer had the potential to operate 800 stores in Spain. Expansion to continue Figeruas said that Lidl was pleased with its results in 2013, having broken through the €2.5 billion sales mark in the year, a performance that encourages the retai...
13 March 2014
El Corte Ingles discusses its Opencor banner and expanding its online operations, while e-commerce competition comes from Amazon, Dia and Eroski. El Corte Inglés to rebrand Opencor stores in Catalonia Local newspaper Expansion has reported that El Corte Inglés is going to phase out its Opencor convenience store banner in Catalonia, which will see it close 17 and rebrand 21 more to its Superco...
13 March 2014
Spain-based DIA, at its 2014 Investor Day, raised a number of positives it sees for its operations in the medium term, with a particular focus on the expansion of its health and beauty banner Clarel. Clarel conversion has performed well In the presentation DIA’s commercial director, Juan Cubillo, discussed the evolution of the brand ‘From Schlecker to Clarel’. Since the acquisition of Schleck...
12 March 2014
Spain-based Eroski is set to reopen its hypermarket in the city of Tudela with a new concept that places fresh at the heart of the offer. Concept called ‘with you’ The retailer said that the concept, called ‘ Contigo ’ (‘ with you ’), will see the hypermarket, which has been closed for two months, place a focus on fresh food, seasonal products and counters (bakery, butchers and fish). The foc...
10 March 2014
Amazon.es has introduced a click & collect service in conjunction with UPS to increase convenience for Spanish customers ordering online. Broad pick-up network Customers ordering items from Amazon in Spain may now choose to collect their items from a nearby neighbourhood store, following a tie-up between Amazon and UPS's Kiala network comprising 1,200 local stores. The service is offered at t...
10 March 2014
Auchan has revealed consolidated revenue growth of 3.4% for 2013, at constant exchange rates, driven by central and eastern Europe and Asia. France saw revenue fall by 1.1%. Downbeat economy hits euro zone, positive performance in CEE and Asia Auchan said western Europe, excluding France, saw revenue fall by 2.8%, due to the "very downbeat economic environment in the euro zone." A pos...
06 March 2014
Costco’s second quarter sales increased by 5.8% to $25.8bn, with comparable store sales (ex-fuel and currency impacts) up 5%. Net income attributable to Costco fell by 15.4% to $463m. Profitability impacted by a range of factors The key standout within Costco’s results is the decline in net income. A number of factors impacted the retailer’s profitability during the quarter including weak...
06 March 2014
Spain-based Mercadona has announced results for 2013, delivering sales growth of 4% and generating sales of €19.8 billion. Strategies for growth pay off Mercadona said that its growth had been aided by strategic investment during the year. The retailer’s president, Juan Roig, said that during 2013 it had taken great steps, adapting its offer to meet the needs of customers. According to R...