Spain news

12 June 2014
Spain-based discounter DIA has announced that it ended May with a total of 1,517 franchises in its home market, a number the retailer says underlines the strength of its brand and growth outlook. 40 franchised stores opened in May DIA said that it opened 40 franchised stores in May, a record for the company, coming after only adding 20 between January and April. The retailer said that the m...
11 June 2014
We round up the latest news on Carrefour, including expansion plans. Europe: new stores in Romania and Spain, price guarantee in France Carrefour is expanding in Romania via the franchise method. It has opened six convenience stores under the Contact fascia in rural areas of the country. Online, it is now allowing cash-on-delivery for orders. According to e-commerce director Radu Butufei, o...
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 ...