Spain news

02 October 2020
As Eroski and its cooperative members announce developments we round up the news from the organisation. Vegalsa-Eroski’s positive 2019 results Vegalsa-Eroski announced an increase in sales of 3.1% in 2019, taking its sales to €1.1 bn. During the period, Vegalsa-Eroski invested €21.4m in its store network. The retailer said it ended 2019 with 266 stores, made up of: Five Eroski hyperma...
02 October 2020
As DIA and Amazon expand the coverage of the Prime Now service to more cities and the retailer sets out its increasing focus on franchising, we look at how it is investing in key areas of its business. DIA and Amazon expand Prime Now coverage As part of their agreement, DIA and Amazon have, through the former’s La Plaza de DIA banner, made the service available in five cities. Now available...
24 September 2020
Spain-based retailer alliance Euromadi, which is part of the pan-European alliance EMD, reported sales rose 11.15% in 2019 to €21.53 bn. Wide base of growth… Euromadi reported that its members saw organic growth of 4.5%, which it said was ‘ double the market growth ’, while it also benefited from the addition of new members, Perfumerías Douglas, Makro Cash & Carry and Supermercados Codi. Th...
15 September 2020
As Carrefour continues to drive change across its operations in Europe, we round up developments from France, Belgium, Italy, Poland, and Spain. Carrefour France enjoyed a good summer In an interview with local trade publication LSA, the managing director of Carrefour France, Rami Baitiéh, discussed the retailer’s performance over summer 2020, given the challenging operating environment. Ba...
14 September 2020
We looked at Lidl’s latest developments for its private label food products, as well as the potential opportunities for brands at the discounter. Italiamo private label brand is getting stronger Lidl’s Italian delicatessen private label Italiamo is emerging as one of the discounter’s strongest and most well-known brands. When launched, the number of Italiamo products was limited, and they w...
01 September 2020
As it looks to strengthen its position as the second largest retailer in Spain, Carrefour has acquired 172 supermarkets and convenience stores in the country. Stores to grow presence in key areas… Carrefour has bought the 172 Supersol stores for €78m from the Maxima Group, expanding its presence in the key markets of Andalusia and Madrid. It said the stores had generated net sales in the re...
01 September 2020
Auchan has released first half results which it says show a ‘ significant improvement in profitability ’, which has been helped by the implementation of its Renaissance initiative. The retailer reported that while total sales fell by 1.8%, group EBITDA increased by 14.9%, with its EBITDA margin reaching 5.6%. Revenue growth seen in most markets Auchan reported revenue fell by 1.8%, at curre...
18 August 2020
El Corte Inglés reveals an increase in turnover and profits during 2019. Meanwhile, Cepsa and Glovo have expanded their partnership and extended it to Portugal. Separately, Alibaba’s Alba Ruiz highlights the development of the new retail effects since the impact of COVID-19.  El Corte Inglés positive 2019 FY results El Corte Inglés recorded a profit of €310m in its 2019 financial year, an i...
17 August 2020
Mercadona announced it intends to continue its expansion plans, after slowing the pace of new store openings due to the coronavirus pandemic. Meanwhile, the retailer reveals new projects in Spain and Portugal to reinforce local buying and its expansion plans, with it giving specific details about its plans for the latter country and how it will invest in Madrid. Store openings in Portugal M...
11 August 2020
Spain-based DIA has revealed a €50m investment to construct a logistic warehouse to serve 500 stores across three communities. Furthermore, the retailer’s online sales increased to 100,000 deliveries per week. Meanwhile, DIA and Amazon reinforced their alliance by extending its La Plaza de DIA products to Amazon Prime’s customers in Seville. DIA invested €50m in logistics warehouse DIA is l...