Spain news

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...

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. ...

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...

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...

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...

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...

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...

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...

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...

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...