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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Mar- 2020 -26 MarchCoronavirus
Intu receives only third of rent
Intu revealed that it has received only 29% of its second quarter rent that was due from tenants on 25 March. For the same period last year, it had received 77% on the quarter day, and the group is now in discussions with its customers regarding the outstanding rents. In…
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23 MarchCoronavirus
PM bans ‘non-essential retail’, instructs public to stay at home
The UK public are only allowed to venture out of their homes for essential supplies and one exercise outing per day, or face fines, under new measures introduced this evening by the prime minister. In a recorded address filmed in No 10 Downing Street, Boris Johnson said the police will…
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17 MarchClothing & Shoes
H&M sales increase despite being ‘negatively impacted’ by Covid-19
Fashion retailer H&M has reported a rise in sales in its first-quarter results, despite being “negatively impacted” by the outbreak of Covid-19. For the period ended 1 December 2019, H&M reported an 8% increase in net sales to SEK 54,988m (£46,609m) compared with £51m in the year prior. H&M said…
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16 MarchClothing & Shoes
Primark owner shares dive after it warns of coronavirus impact
Primark owner Associated British Foods (ABF Foods) has seen its shares dive in early trading after it announced that the closure of its European stores due to coronavirus could leave a hole of £190m in sales. Shares in the company dropped by 100% this morning (16 March) to £0.01p per…
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Feb- 2020 -12 FebruaryBusiness Bites
Parasite boosts Spanish crisp sales
Now that’s the kind of headline journalists like to write. But unfortunately, now that you’re reading the article, the subterfuge must be exposed. We’re not talking about parasites that look for hosts, and we’re not talking about infected food. Instead we’re talking about the Korean movie sensation that just won…
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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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