Spain

  • News

    French grocer Leclerc reveals plans for growth in Spain

    2012-11-09T07:00:00Z

    French grocer Leclerc has revealed plans to accelerate growth in Spain, beginning by launching a price comparison website, Buscaelmasbarato.com, in Madrid. The site enables shoppers to compare prices between Leclerc and the region’s largest grocers, including Carrefour and Dia Maxi. It will be extended to other regions and comparison sites ...

  • News

    Dia to take over troubled German drugstore chain Schlecker

    2012-10-03T07:00:00Z

    Dia is taking over the Spanish division of troubled German drugstore chain Schlecker for e70.5m (£55.9m). The deal includes 1,127 outlets in Spain and 41 stores in Portugal, as well as four distribution centres, three in Spain and one in Portugal. Dia will also retain the 4,000 former Schlecker employees. ...

  • News

    Media Markt launches Spanish transactional website

    2012-09-05T07:00:00Z

    Electronics retailer Media Markt, owned by Metro, has launched its transactional website in the Spain. The website offers more than 3,500 items. The retailer plans to expand that to more than 100,000 over the next two years. At present the website is only operated in Germany, Austria and the Netherlands. ...

  • News

    Discount retailer Dia reports gross sales growth

    2012-08-09T07:00:00Z

    Discount retailer Dia’s gross sales rose 6.9% in the first half of 2012, to E5.75 billion (£4.57bn). The retailer’s adjusted EBITDA reached E261m (£207.6m), up 5.2% on the same period last year. The performance was driven by the operations in Iberia as well as in Argentina and Brazil. Despite a ...

  • News

    El Corte Inglés to join buying group AMS Sourcing

    2012-08-09T07:00:00Z

    El Corte Inglés will join buying group AMS Sourcing from next January. Its inclusion will give AMS 14 retail members including Ahold, Delhaize Group, Esselunga, Jerónimo Martins and Morrisons in 28 European countries and with combined annual retail sales of approximately E130bn (£103.39bn). AMS managing director Bert Swartsenburg said: ...

  • News

    Inditex to absorb Spanish government-imposed VAT increase

    2012-07-20T07:00:00Z

    Zara owner Inditex is to absorb the Spanish government-imposed VAT increase from 18% to 21%, so as not to increase prices. In 2010, when VAT rose from 16% to 18%, Inditex also kept prices stable. “With this decision, Inditex maintains its policy of price stability as it has ...

  • News

    Inditex reports net profit increase

    2012-06-22T07:00:00Z

    Clothing giant Inditex reported a 30% rise in net profit to E432m (£374.7m) for its first quarter, on revenues up 15.4% to E3.4bn (£2.95bn). The retailer posted its highest-ever gross margin, which rose by 140 basis points to 60.2%. During the quarter Inditex opened 91 new stores in 26 ...

  • News

    El Corte Inglés launches price drop on 4,500 grocery products

    2012-06-15T07:00:00Z

    El Corte Inglés has launched a price drop on 4,500 grocery products available in the food halls of its department stores, Hipercor hypermarkets and Supercor supermarkets. The items included are all basic grocery products from all sections, including fresh produce.

  • News

    Co-operative Eroski reports net loss

    2012-05-31T07:00:00Z

    Co-operative Eroski has reported a net loss of E36m (£28.8m), a 44% improvement on the loss of E64.6m (£51.6m) the previous year. The retailer has now made a loss for four consecutive years as it continues to be hit by high level of debt and a weak economic environment. It ...

  • LK Bennett has raised £16m of new funding to accelerate expansion in the US
    News

    LK Bennett secures funding for US expansion

    2012-05-25T09:58:35.250Z

    LK Bennett has raised £16m of new funding to accelerate expansion in the US.