Spain news

15 November 2013
Having been refused permission to develop a site at  Bussy-Saint-Georges, Costco has named Villebon-sur-Yvette as the location of its first depot in France, scheduled to open in 2015.  Like Bussy, Villebon is a growing surburban development of Paris and lies just 14 miles from the centre of the capital. Strong catchment for Costco model Villebon-sur-Yvette lies just south of Paris, adjacent t...
01 November 2013
DIA has officially unveiled the name under which it will rebrand the drugstores acquired from German retailer Schlecker: Clarel. Transforming 1,130 stores in Spain and Portugal DIA will begin remodelling the stores in mid-November. The new format will focus on personal care ranges, household and cleaning products. It will exclusively stock the Bonté private label brand, alongside bran...
28 October 2013
Spain-based DIA has announced third quarter results saying that gross sales under banner grew by 2.5% to EUR2.92 billion – 8.5% in local currency terms. Sales in Iberia remain strong DIA said that at a corporate level like-for-like sales growth in local currency terms was 0.8% in the third quarter, while in Emerging Markets the pace of growth in the same terms reached 14.7%. By geographical s...
17 October 2013
Carrefour has reported a 2.7% sales increase in Q3 2013, with all formats in the key French market posting growth, and international sales up 3.8% at constant exchange rates. For the nine month period, sales were up 1.8% at constant exchange rates. Improvement in France Although sales were up across all formats in France, in spite of the effect of a drop in petrol prices, convenience a...
17 October 2013
Metro Group has announced that it has met its sales target for its short financial year, running from 1 January to 30 September 2013, with sales of €46.3bn. 'We are on the right track' says CEO Metro's sales for the short year* were slightly below the 9M 2012 level of €47.4bn, due to difficult trading conditions in Europe, the sale of Real in eastern Europe and negative currency effects. ...
11 October 2013
As part of two separate announcements, Japan-based Rakuten has launched a new online marketplace in Spain and appointed a new CEO of Rakuten Europe. Online marketplace launched in Spain Rakuten launched the Spanish-language marketplace, which although it focuses on non-grocery products, will also enable small and medium sized enterprises to sell grocery items. Commenting on the launch, the...
08 October 2013
Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...
08 October 2013
El Corte Inglés has reportedly sold a 51% stake in its finance arm, Financiera El Corte Inglés, to Santander for a price that values the whole operation at €415 million. Financiera El Corte Inglés: Spain's largest retailer credit card business The sale of the stake, which will happen in two stages with the retailer receiving €140 million at each step, to Santander gives the bank access to the...
03 October 2013
Spain-based El Corte Inglés and Repsol have announced that they are working together to open a ‘ new style ’ forecourt store, under the Supercor Stop & Go banner, in their home market. New store to focus on ‘staple products’ The new store format, which will be added on Repsol forecourts, will focus on supplying staple products and meeting a wide range of shopper missions. The stores will prov...
01 October 2013
Spain-based Eroski has announced first half results showing a fall in turnover of nearly 6% to €3.2 billion. Fall comes amidst ‘unfavourable economic situation’ In the first six months of 2013 Eroski saw its turnover fall 5.6% to €3.29 billion due to the ‘ unfavourable economic situation ’. A spokesperson said that the results ‘ demonstrate the strength of the business ’. In terms of the fall...