Spain
This coverage explores UK retailers’ activities and strategies in the Spanish market, focusing on store openings, partnerships, consumer trends, and market expansion efforts. Reporting examines how businesses adapt operations to Spain’s retail environment — providing insight for executives, managers, and professionals managing international growth and cross-border retail strategies.
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Jan- 2020 -28 JanuaryShopping Centres
Intu continues disposals by offloading Spanish shopping centre
Shopping centre owner Intu has offloaded its second Spanish shopping centre as it attempts to fix its balance sheet. The company confirmed that a joint venture company through affiliates of Intu properties and Canada Pension Plan Investment Board has exchanged contracts to sell Intu Asturias shopping centre to the ECE…
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21 JanuaryAnalysis
Global CEOs and the IMF reckon the UK is about to have a good year
It’s not often there is some incontrovertibly positive news about the economy, but today we’ve had some. Audit and business advisory firm PwC has polled 1,600 chief executives, and found that they think the UK is the fourth most important target in the world for companies looking to make investments.…
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Nov- 2019 -27 NovemberPeople Moves
Wilko appoints Chris Martin as non-executive director
High-street chain Wilko has announced the appointment of Chris Martin as non-executive director. Martin is currently the chief executive of Musgrave group. He joined the Musgrave main board in 2003. Under his direction, the business has “focused strongly on partnering with entrepreneurial retailers and innovative food suppliers to develop the…
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19 NovemberComment
What retailers can learn from Europe’s top performers about transformation
With e-commerce being the fastest growing segment of the retail market in Europe and North America, it would be natural to assume that the online store should be the key focus for retailers. However, in reality, this is not so clear-cut. Following recent research from Google and e-commerce consultancy Practicology,…
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5 NovemberClothing & Shoes
Primark profits top £900m in 2019
Fashion retailer Primark has reported an 8% increase in operating profits to £913m, for the year ended 14 September 2019. The fashion chain also saw a 4.2% increase in year-on-year sales to £7.79b, and Primark’s owner ABF hailed the year of “resilient performance” from the high street retailer. Despite like-for-like…
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Aug- 2019 -1 AugustOnline & Digital
Zalando raises profit forecast amid ‘strongest ever’ Q2
Online retailer Zalando has raised its profit outlook for the second half of the year after it recorded its “strongest ever” Q2 for active customer growth. The company revealed its number of active customers “grew significantly” by 3.7 million (15.2%) year-over-year to 28.3 million across its 17 European markets. In…
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Jul- 2019 -5 JulyClothing & Shoes
Zalando announces plans to build fulfillment center
Zalando has announced it is to build a new £180m fulfillment center in an existing business park near Rotterdam to help cater for its western European customers. The expansion of its logistics network forms part of Zalando’s 2023/24 growth target and aims to expands its customer proposition for customers in…
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Apr- 2019 -11 AprilHigh Street
US deal puts dent in WHSmith profits
WHSmith’s profit before tax dropped by 21% to £65m, following the retailer’s acquisition of American airport store In Motion for £155m late last year. According to its interim results for the six months ended 28 February 2019, excluding In Motion, its travel revenue saw its profit rise 7% to £44m…
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Feb- 2019 -25 FebruaryClothing & Shoes
Primark owner reports 4% sales boost for H1 2019
Associated British Foods (AFB), which owns Primark, has announced that sales at the retailer are expected to be 4% ahead of last year for the 24 weeks to 2 March 2019, driven by increased retail selling space. The group said the results will be partially offset by a 2% decline…
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20 FebruaryShopping Centres
Footfall drops at Intu shopping centres
Footfall at Intu shopping centres have seen a 1.6% decrease according to the group’s full year results for 2018. However, the company said it demonstrated a “resilient operational performance” despite a “challenging environment” as it claimed to outperform the national ShopperTrak retail average of a 3.5% decline in footfall. Intu’s…
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