All Spain articles – Page 7
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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 six Carrefour ...
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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 ...
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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 second ...
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AnalysisInditex to invest £795m in 500 new stores worldwide
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.
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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 to ...
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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 mall, Corunna in ...
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AnalysisThe 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.
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NewsLand 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.
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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 will open its ...
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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.Amazon.es is expected to launch with an offering ...
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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 joint venture to ...
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AnalysisInditex is made to measure for tough market conditions
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.
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NewsInditex 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
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GalleryLas 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.
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NewsDixons 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.
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NewsInditex 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.
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NewsDixons Retail to bow out of loss-making Spain
Electricals group Dixons Retail is to say adiós to Spain and shut its loss-making business there as part of its strategy to concentrate on “winning markets and formats”.
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NewsBest Buy Europe to sell off Belgian Phone House
Best Buy Europe, the joint venture between Carphone Warehouse and US electricals group Best Buy, is to sell its Belgian retail business.
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News
Mercadona gross sales up 6.3% to £341m
Grocer Mercadona has reported gross sales of E16.5bn (£14.2bn) for the 2010 fiscal year, up 6.3% from last year. Net income was E398m (£341m), a 47% increase compared with 2009. The company invested about E600m (£515m), opening a net total of 46 stores.Mercadona reduced prices by an average of 4% ...
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GalleryImaginarium, Madrid
A new 9,700 sq ft toy shop set over two floors may be of passing interest, but will probably not be worth writing home about. When it is a new format and a flagship rolled into one, it is rather more noteworthy and Spanish retailer Imaginarium’s flagship in Madrid’s Salamanca ...