Spain sours Danone profits

Spain sours Danone profits

The French dairy giant pointed to the challenges of operating in the Spanish economy as it announced a profit warning.

UPDATE: FRANCE: Danone to "fight" for southern Europe

19 June 2012

Danone has indicated its decision to "fight" for market share in southern Europe - and in Spain in particular - is one of the primary reasons that it has lowered its margins outlook for 2012.

FRANCE: Danone issues warning on margins

19 June 2012

French dairy group Danone has warned that its profits will be hit by weaker margins during fiscal 2012.

SPAIN: El Corte Ingles cuts prices on food items

11 June 2012

Spanish retailer El Corte Ingles has announced price cuts on thousands of food products in a bid to stay competitive in the country's ailing economy.

Street talk: Retailers adapt to cost pressure, weak consumers

30 May 2012

Commodity inflation has led manufacturers to look to increase prices and, according to the latest data from the just-food international basket, the price on shelf has risen. As SymphonyIRI's Rod Street writes, retailers have reacted by using promotions less often and there are signs Every Day Low Price strategies are gaining traction.

The just-food international basket - Q1 2012

30 May 2012

The latest data from the just-food international basket, published today, covers the first quarter of 2012. The basket is a group of 17 items from tuna to milk that will highlight the difference in price between national brands and own label in seven international markets. Amid the worst economic conditions for a generation, shoppers are becoming more promiscuous in their behaviour and the data will prove valuable to brand manufacturers, own-label suppliers and retailers alike.

SPAIN: Eroski narrows FY loss

28 May 2012

Spanish cooperative retailer Eroski reported narrowing full-year losses as lower financing expenses and measures to strip costs out of the business helped offset declining sales.

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Spain sours Danone profits

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