All Spain articles – Page 6
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OpinionComment: UK retailers can find success trading overseas
For the past four weeks I’ve travelled around the world: Hong Kong, Australia and the Americas, South and North.
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News
German wholesale group Conway purchases Grupoil
German wholesale group Lekkerland-owned convenience chain Conway has taken over Spanish wholesaler Grupoil. The acquisition is in line with a strategy of strengthening Lekkerland’s traditional core business.The purchase will enable Lekkerland to further establish itself in the Spanish convenience sector.
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Darty to close loss-making Spanish stores
Darty is closing its stores in Spain. The retailer is cutting off the loss-making arm as it plans to focus on its more successful stores in France, Belgium and the Netherlands.All 43 Spanish stores will be closed by June at an estimated cost of E30m (£25.5m).
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AnalysisInternational analysis: Inditex wise to focus on existing markets
Inditex president Pablo Isla revealed last week that it will not be expanding internationally at the same pace as in recent years.
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Gross sales rise at grocer Mercadona
Mercadona’s gross sales rose 7% to E17.8bn (£15.55bn) in 2012. Net income also increased 7% to E508m (£443.7m).The grocer invested E650m (£567.7m) to open 60 stores and hired 4,000 employees during the year, giving it a total staff count of 74,000.Mercadona is reportedly postponing global expansion.
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AnalysisOracle Retail Week Awards: Fashion giant Zara powers ahead globally
Zara’s success story is phenomenal - its global reach, supply chain and product are the envy of many rival retailers. Nick Hughes explains why it won Wipro Technologies International Retailer of the Year.
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News
Schwarz Group ramps up Spanish investment
Germany-based Schwarz Group is ramping up its operations in Spain and has earmarked a sum of E120m (£103.6m)for investments in its Spanish Lidl network this year.That is 20% more than last year, when the retailer opened 14 stores and remodelled another 65 in Spain.
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News
Eroski set to restructure debt
Grocery retailer Eroski has reached an agreement with a group of 22 banks to restructure its debt, postponing to January 2017 the maturity of loans worth e2.1bn (£1.76bn).The new accord will allow Eroski to consolidate its long-term financial position, ensuring stability for the development of future projects.
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News
Carrefour to relaunch Carrefour Baby range
French retailer Carrefour is to relaunch its Carrefour Baby private-label range in Spain.At present the retailer offers 37 SKUs in baby food and 21 infant hygiene items. The initiative is likely to be a reaction to Spanish supermarket operator Mercadona, which has recorded strong growth in the category.
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News
Inditex posts net sales increase
Fashion retailer Inditex has posted a net sales rise of 17% to E11.36bn (£9.23bn) for the nine months ended October 31.The addition of stores in emerging markets and the expansion of the online business boosted sales.Group net profit rose 27% to E1.66bn (£1.35bn), aided by new stores. The retailer opened ...
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News
French grocer Leclerc reveals plans for growth in Spain
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 will ...
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News
Dia to take over troubled German drugstore chain Schlecker
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.The ...
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News
Media Markt launches Spanish transactional website
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.
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News
Discount retailer Dia reports gross sales growth
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 challenging economic ...
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News
El Corte Inglés to join buying group AMS Sourcing
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: “We are more ...
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News
Inditex to absorb Spanish government-imposed VAT increase
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 already absorbed a ...
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News
Inditex reports net profit increase
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 countries. The retailer ...
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News
El Corte Inglés launches price drop on 4,500 grocery products
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.
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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 ...
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NewsLK Bennett secures funding for US expansion
LK Bennett has raised £16m of new funding to accelerate expansion in the US.