Mercadona’s gross sales rose 8.2% to E17.8bn (£14.98bn) in 2011 over 2010. Net income increased 19% to E474m (£398.8m).
The retailer invested approximately E540m (£454m) in opening a total of 46 new stores and hired 6,500 new employees in 2011, bringing the total to 70,000. Mercadona said it is ready to start international expansion this year and is considering options in Portugal, Italy, France and Belgium.
Zara owner Inditex swung back into the black during its second quarter, despite the ongoing impact of the coronavirus pandemic.
Property giant Unibail-Rodamco-Westfield (URW) has hailed an “encouraging footfall recovery” at its malls since they reopened following lockdown.
As the UK prepares to reopen ‘non-essential’ stores on June 15, we look at some of the innovative measures being deployed by retailers that are already back in business across the globe.
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With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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