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Spanish Grocery Spending Hits Record €122bn in 2024

Grocery spending in Spain hit a record €122 billion in 2024, representing a 4.6% increase, according to a new report from NielsenIQ (NIQ).

Sonae's First-Half Turnover Exceeds €4bn Boosted By MC, Worten

Sonae, which owns the food retail chain Continente, has reported consolidated turnover growth of 11%, to €4.3 billion, in the first half of its f...

Diageo Set For First Post-COVID Annual Sales Decline

Diageo is set to post its first yearly sales decline since 2020, when it needs to convince investors that plans to turn around its North American and Latin...

NorgesGruppen Reports 9.3% Increase In Operating Income In FY 2023

NorgesGruppen has posted a 9.3% increase in operating income to NOK 112.2 billion (€9.7 billion) in its financial year 2023.

Mercadona Posts Double-Digit Sales Growth In FY 2023

Spanish retailer Mercadona has reported a 15% increase in sales, to €35.5 billion, in its 2023 financial year.

Customer Loyalty Schemes 'Key To Success' For Retailers, GlobalData Says

Loyalty schemes offered by retailers could be the 'key to success' for FMCG retailers, according to data and analytics firm GlobalData.

ICA Earmarks SEK 1bn For Price Reductions This Year

Swedish retailer ICA plans to invest approximately SEK 1 billion (€88 million) in reducing prices of products this year.

Mercadona Ends 2023 With 49 Stores In Portugal

Spanish supermarket chain Mercadona has expanded its presence in neighbouring Portugal by opening 10 new stores in 2023, reaching a total of 49 by year-end...