Spain news

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...
30 September 2013
Carrefour has announced three management changes as it continues its policy of decentralisation. Key changes at European operations Chief financial officer Pierre-Jean Sivignon will also oversee Carrefour's activities in southern Europe, Spain and Italy, with effect from 1 October. Also effective from that date, Gérard Lavinay will take responsibility for Carrefour's activities in norther...
24 September 2013
In a raft of announcements, Spain-based Eroski has said that it is looking to reinforce its saving credentials, sustain its investment in local produce and grow the number of stores operated by franchisees. Test begins on price promotion for loyalty card holders… Eroski said that it in its stores in Logroño and Vitoria it would enable loyalty cardholders the chance to enjoy savings of up to 1...
18 September 2013
Spain-based Caprabo, which is controlled by Eroski, has said that it will introduce a service that will help shoppers compare prices of its goods with those from rival Mercadona. Step aimed at proving competitiveness Caprabo will issue shoppers with a coupon at the checkout telling them whether they are cheaper or more expensive than Mercadona. If the shop is more expensive than it would have...
11 September 2013
Turkish corporation Yildiz Holding has confirmed it plans to merge all stores belonging to discount supermarket chain Dia with its other stores under the Sok banner in Turkey, according to Chairman of Yildiz, Murat Ulker. Merger follows Dia sale in July The merger follows the sale of Dia from Spanish supermarket group Dia and Turkey’s Sabanci Holding to Sok Marketler, a subsidiary of Yild...
30 August 2013
Auchan has reported group revenue up 3.4% for the first half of 2013, to €23.1bn, and an increase in EBITDA of 4.4%, to €1,151m. Mixed performance across markets Auchan highlighted the "highly unfavourable economic environment in the euro  zone" which affected its results. The retailer reported a decline in revenue in  France (-0.9%) and in western Europe excluding France (-2.9%). C...
29 August 2013
Carrefour has reported net sales growth of 1.4% for the first half 2013 and recurring operating income growth of 7.7% (both at constant exchange rates). 'Much improved performance' in France offsets weakness in southern Europe Sales in France came in at -0.3%, with food sales remaining firm. Recurring operating income was up 75.4% and Carrefour said profitability was good in all form...