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

    LK Bennett secures funding for US expansion


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

  • News

    Amazon to open first logistics centre in Spain


    Etail giant Amazon plans to open its first logistics centre in Spain. The new hub – expected to go live within a few months – will be in San Fernando de Henares, close to Madrid. The initiative is intended to service growing demand from Spanish customers shopping at, ...

  • News

    El Corte Inglés to expand new Supercor Exprés fascia


    El Corte Inglés is to expand the new Supercor Exprés neighbourhood fascia by rebranding a number of Opencor convenience stores to the banner. The decision follows the recent integration of Supercor and Opencor fascias under one management team. The retailer has decided to rebrand around 10 Opencor stores in the ...

  • News

    Intermarché given go-ahead for Altis takeover


    Grocer Intermarché has received approval from competition authorities to take over 20 Altis stores operating under the Carrefour banner. Last year, Intermarché reached an agreement with Spanish grocer Eroski to acquire the Altis joint venture in southern France. Eroski had already purchased Carrefour’s 50% stake in Altis, which operated ...

  • News

    Bershka unveils new concept store


    Inditex-owned Bershka is to unveil its new concept store in Mataró Parc, northeast Spain, following the new format, which launched last year in Shibuya. The young fashion chain is using white instead of the trademark black throughout much of the store and has restructured the store into three departments: Bershka ...

  • News

    Inditex reports rise in net profit


    Fashion retail group Inditex has reported a 12% rise in net profit to E1.93bn (£1.61bn) in 2011 from E1.73bn (£1.45bn) the previous year. Sales increased 10% to E13.79bn (£11.53bn) and like-for-likes were up 4%. The latter were stronger in the first half, growing 6%, and climbed 3% in the ...

  • All 336 of Inditex’s Zara stores in Spain will be remodelled to a new concept

    Inditex to invest £795m in 500 new stores worldwide

    March 30 2012

    On the back of strong 2011 results, Spanish clothing retailer Inditex has revealed capital expenditure of around E950m (£795m) for 2012 as the retailer plans to open about 500 new stores across the globe to take its total past 6,000.

  • News

    Mercadona reports gross sales increase


    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 ...

  • News

    Inditex to remodel its Zara fascia stores


    Clothing retailer Inditex will remodel all its Zara fascia stores in its home market. The revamp of the 336 Zara and 159 Zara Kids stores is part of the retailer’s efforts to roll out a new brand image, which was launched at a store in the Marineda City ...

  • Consumers flock to large shopping centres such as Westfield Stratford City, with their prime retail offer

    The big picture of development


    The scale of development in the UK and the rest of Europe is polarising. With a handful of plans for mega schemes in the pipeline, and other boutique and niche projects being pushed forward, Mark Faithfull considers whether the middle ground has been squeezed out.