SPAIN: Mercadona sees sales, earnings rise in 2013
Mercadona upped sales and profits in 2013
Mercadona, Spain's largest food retailer, has booked higher annual sales and profits.
The family-owned supermarket chain posted a 1% rise in net profit for 2013 to EUR515m (US$715.6m).
Sales were up 4% at EUR19.18bn. Mercadona said sales volumes were up 2%.
Mercadona invested EUR650m on 61 new stores, refurbishing 53 others and building a logistics centre at Guadix. It ended the year with 1,467 supermarkets.
In 2014, Mercadona plans to spend EUR700m on 60 more outlets, refreshing existing stores and continuing to build the logistics site in Abrera.
- Kellogg uses Kashi to finally join party - comment
- Rabobank's early view on Brexit impact on food
- New food waste standard will help monitor progress
- Tyrrells' growth plans - CEO interview, part two
- How could a TTIP affect the food industry?
- Brexit – Live reaction from food industry
- Kellogg to invest in "next-generation innovation"
- PepsiCo "engaging" with Indofood on child labour
- Campaigners attack UK child obesity plan
- Post, ConAgra 'held talks' over Lamb Weston merger
- Top Trends in Snacks, Confectionery, and Desserts; Exploring consumer and innovation trends in key categories
- Frozen Bakery Products Market by Type, Distribution Channel, & by Region - Global Trends & Forecast to 2020
- Singapore Food and Drink Report Q3 2016
- Fast Food in India
- Country Analysis Report: Saudi Arabia, In-depth PESTLE Insights