Category: Retail

Lidl Spain’s turnover up 4% on back of fresh products push

Lidl Spain’s turnover reached €2.5 billion in 2013, up 4% year-on-year, on the back of its push for fresh products, the expansion of product range and higher presence of local products, reported Spanish media. The retailer, which celebrated yesterday its ten year anniversary in Spain, has now over 520 stores visited by more than 3 million clients each week, said Lidl Spain’s CFO, Ferran Figeruas. Figeruas said Lidl has the potential to reach 800 stores throughout all regions of Spain in the next coming years. Only for 2014, the company plans an investment of €180m that will go largely to...

Scientists Call on Spain to Ban Vulture-Killing Drug

The Spanish government should rescind approval of a veterinary drug that threatens Europe´s largest population of wild vultures, researchers argue in a letter published online yesterday in Conservation Biology. The drug, diclofenac, is commonly used to treat pain in livestock. It has already caused the decline of nearly 99 per cent of India´s vultures, which ingested the drug while feeding on carcasses. It has also triggered an ecological chain reaction there, resulting in, among other impacts, record numbers of rabies cases. “It is undeniable that European vulture populations could be seriously affected by the ingestion of diclofenac, and its use...

Producers denounce increase in Chinese garlic tariff quota

The National Garlic Board and the National Association of Garlic Producers and Marketers (ANPCA) have sent letters to Castile-La Mancha’s councillor of Agriculture, María Luisa Soriano; Spain’s permanent representatives to the EU; the Secretary of Commerce; the General Secretary of MAGRAMA and the Fruit and Vegetables Unit of the European Commission, to denounce and condemn the agreement signed between the EU and China, which will add another 12,375 tonnes of garlic to the tariff quota assigned to China, approved without knowledge or consent from the garlic sector. The agreement has been adopted as compensation for Bulgaria and Romania’s joining of...

Vodafone close to deal to buy Spain’s Ono

Shareholders of telecommunications company Ono are close to agreeing a deal with Britain’s Vodafone (VOD.L) which has offered to buy the Spanish group for about 7.2 billion euros ($10 billion) including debt, two sources familiar with the matter said. Shareholders in private equity-backed Ono, which sells fixed and mobile phone, TV and internet services, gave the green light to a planned initial public offering (IPO) of the company at a meeting on Thursday, but they were still holding out for a deal with Vodafone, one of the sources said. “The final details of the bid are being negotiated. For now...

New Ferrari Theme Park Confirmed For Spain

Four years after the first Ferrari theme park, Ferrari World Abu Dhabi, opened its doors to the public, the second has been announced, this time for the Spanish city of Barcelona. The new theme park, to be called Ferrari Land, will be located inside the existing PortAventura resort which already houses a theme park and attracts around four million visitors per year. As with Ferrari World Abu Dhabi, Ferrari the automaker isn’t involved directly with the new theme park but simply provides a license for the use of its name and logo. Backing the project is PortAventura Entertainment, a subsidiary...

Lettuce prices hit rock bottom

This autumn’s high temperatures caused delays in the European harvests and an advance in Spain’s production; a situation which led to oversupply and low prices that have continued until today. Additionally, distribution strategies and constant discounts have contributed to pushing prices down even further. On top of all this, it should be noted that demand has been very volatile. Most consumers look for the cheapest prices, and this makes it hard for producers to adjust stable programs with their European clients. “The season has been tough so far; we had high temperatures, oversupply, and now, despite having a quality product,...

EE launches 4G roaming in France and Spain

Mobile operator EE has announced that it will offer customers access to 4G mobile broadband in France and Spain, with plans to extend its 4G coverage to the USA, Italy, Germany, Switzerland and the Netherlands by the Summer. 4G roaming will not cost any more than 3G roaming, so travellers can buy roaming bundles starting at £3 for 100MB of data in a 24 hour period. The offer is immediately available to consumers and small business customers, with corporate customers to follow soon. “Our customers will be the first to benefit in France and Spain today, with the most popular...

Spain: Orange eyes Jazztel

Whilst ONO decides to accept or not Vodafone’s purchase bid of around €7 billion, a new consolidation move is envisaged in the Spanish telco market. France’s biggest telco company and Spain’s third largest (after Telefonica and Vodafone), Orange, is reportedly eyeing Jazztel for a possible takeover with a value estimated at around €2,500 million. TeliaSonera, main shareholder in Yoigo, could also be interested in the operation through a joint venture. With the move, Orange is trying to avoid being left out of the consolidation wave in the Spanish telco market and become one of its key players. Jazztel’s shares have...

Spain exported 1 million tonnes of tomatoes in 2013

In 2013, Spain exported a total of 1,003,770 tonnes of tomatoes at an average price of 0.98 Euro/kilo, according to data provided by the Department of Customs and Special Taxes of the Ministry of Economy and Competitiveness. 20.86% of the exports went to Germany, which received a total of 209,430 tonnes. The second largest destination was France, with 159,640 tonnes, and the third position was for the UK, which imported 148,440 tonnes of tomatoes. Fourth in the ranking was the Netherlands, with 131,450 tonnes, followed by Poland, which imported 68,150 tonnes of Spanish tomatoes. The average price paid by EU...

MERCADONA INCREASE PROFITS AGAIN

Spanish supermarket chain Mercadona has made 515 million euro profit in 2013, marking a new record in the current times of financial crisis, making 7 million euro more than 2012.
The company presented their annual results this week, showing how they …