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.
Advertisement
With on-off discussions about making Oxford Street partially or fully pedestrian seemingly endless, Retail Week looks at some of the international locations that have adopted people-first approaches and what it could mean for London’s West End.
Ocado has announced a partnership with Spanish grocer Alcampo to develop its online business.
Family-owned toy retailer The Entertainer has set its sights on expanding its own-brand store estate in Spain, following the opening of its first fascia in Valencia.
Advertisement
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.
No comments yet