Europe news & analysis

07 June 2022
With estimated sales of €12.5 bn in fiscal 2021, El Corte Inglés has begun to recover following the aftermath of the pandemic, posting sales growth of over 20% on 2020’s figure. The results are, however, still far from the retailer’s pre-pandemic sales of €15.3 bn in fiscal 2019. El Corte Inglés continues to be affected by the poor performance of several of its businesses, particularly the Via...
01 June 2022
The region of Madrid is Spain’s most affluent, boasting per capita income of €32,000, over 35% higher than the national figure of €23,700 (in 2020). The thriving Madrid economy has created an attractive market, which continues to draw investment from nearly all the country’s largest grocers. Retailers continue to perceive the region as a key market in which to showcase their advances, in terms of...
27 May 2022
While most retailers have seen inflation benefit their top line in their latest quarterly performances, many have seen their profitability dip. Unable to pass on the full impact of higher costs to customers, or reduce costs in other parts of their business given the rapid run-up in inflation this year, margins have been impacted. But Costco has fared better. We look at how it outperformed its pee...
24 May 2022
Sonae MC announced its total turnover for Q1 2022 reached €1,294m, an increase of 3.8% compared to 2021 and like-for like (LFL) sales grew by 2.2%. Sales performance Sonae announced its sales growth highlighting a strong performance particularly in its new growth businesses, reaching €234m an increase of 21.9%. The performance was driven by foodservice and health, wellness and beauty format...
23 May 2022
Finiper-owned, Iper has introduced a new private label range, which claims to deliver high-quality products. Meanwhile, SPAR Italy and Esselunga revealed its 2021 results, both reporting an increase in sales. Separately, Coop Italia plans to increase its private label to support shoppers during this increasingly difficult economic environment.  Iper introduces its ‘Patto Qualità Iper’ private ...
23 May 2022
After two disrupted years, rather than a return to normality, the eating out sector is facing a new set of challenges.  The issues outlined in our UK Eating Out Market Forecasts 2022 , such as rising costs, staff shortages and financially-stretched consumers, are shared by many countries around the world.   These significant headwinds may slow recovery, however we anticipate a period of inten...
19 May 2022
Tesco and WWF are to launch an accelerator programme that aims to fast-track sustainability innovation in the supply chain and ultimately cut the environmental impact of food and support UK food security. Innovation Connections aim to help scale improvements Through the programme Tesco and WWF will pair applicant companies with ‘ long-term Tesco suppliers to pitch scale-up projects that app...
17 May 2022
Aldi has opened its largest distribution centre, while Spain’s market leader Mercadona continues to grow its presence in Portugal, announcing it aims to open 10 new stores in 2022. Separately, Auchan Portugal revealed its improving partnerships with local producers. Aldi launches its largest distribution centre The discounter revealed it invested €60m in its new distribution in Moita, which i...
17 May 2022
As Musgrave’s Centra banner announces its 2021 results and its SuperValu banner launches its Taste of Local initiative, we round up developments from the company. Centra: +2.5% growth to €1.98 bn in 2021… Centra reported annual growth of 2.5% in 2021, taking its sales to €1.98 bn. The banner said the growth was driven by its convenience offering, increased consumer demand for its wide range...
16 May 2022
Traditionally, a large percentage of Spanish shoppers used to get their fresh food in traditional stores and markets, buying their dry groceries in supermarkets. However, in recent years retailers have improved their fresh offer, progressively gaining share from the traditional sector. Therefore, while over 30% of fresh food is still sold through the traditional sector, this figure is steadily...