All Spain articles – Page 6

  • News

    Co-operative Eroski reports net loss


    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

    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.

  • The deal with Grupo Cortefiel was agreed in February 2010

    Land Securities and Cortefiel end UK venture


    Property group Land Securities and Spanish retailer Cortefiel have ended a tie-up designed to introduce new brands to the UK and shut eight stores.

  • News

    Inditex announces net profit rise


    Inditex has announced that net profit rose 14% in the first half of this year as the retailer continued its rapid international expansion away from its home market. In the first half of the year, the retailer opened stores in Australia and over the next few months Zara ...

  • News

    Amazon to launch pure-play ecommerce services


    Amazon is expected to launch its pure-play ecommerce services in Spain by the end of this year. Several Spanish publishers have already signed distribution agreements with the internet retailer, but it is likely that Kindle ebooks will be introduced at a later date. is expected to launch with ...

  • News

    Tata Group proposes to open Massimo Dutti stores in India


    Tata Group’s retail arm Trent has entered into an initial agreement with Spanish retailer Inditex to open Massimo Dutti stores in India. The proposed joint venture will be 51% owned by Inditex’s Zara Holding, while the rest will be owned by Trent. Trent and Inditex have a similar ...

  • Inditex has opened stores in China and so is less reliant on Europe for sales

    Inditex is made to measure for tough market conditions

    July 1 2011

    The release of the second-quarter results of the two largest global fashion retailers, Inditex and H M has sparked discussion that the Spanish company is on the verge of overtaking H M, as the most valuable listed fashion retailer.

  • Pull and Bear store front

    Inditex extends collaboration


    Spanish fashion retail group Inditex has agreed to prolong its franchise agreement with local clothing market leader Apranga Group in the Baltic States of Lithuania, Latvia and Estonia until 2014

  • Las Arenas Barcelona
    Photo gallery

    Las Arenas, Barcelona


    Yes, you did read correctly and no, you’ve not dived into some kind of alternative Ernest Hemingway sub-culture. This is Las Arenas, the vast, former bullring in the heart of Barcelona.

  • Dixons chief executive John Browett said: “With challenging economic headwinds continuing for many of our customers we remain cautious on the outlook for the year ahead.

    Dixons Spanish exit begins with PC City store disposals


    Electricals group Dixons has disposed of eight of its 34 PC City stores in Spain to Portuguese retailer Sonae on undisclosed terms.

  • Inditex Pull And Bear London Oxford St

    Inditex builds online with transactional sites


    Spanish fashion giant Inditex is to launch transactional websites for its Bershka, Massimo Dutti and Pull and Bear brands in the UK by the end of the year.