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.
- Premier Foods CEO expects UK supermarket rebound
- Unilever must "speed" response to consumer trends
- Briefing: The risks and rewards of e-tail in China
- Why US diet guidelines should consider environment
- Emerging markets online: India's food retail scene
- Post Holdings strikes deal to acquire MOM Brands
- Food industry news of week: Unilever, PepsiCo
- Chobani launches Tots infant range
- Tootsie Roll CEO Melvin Gordon dies at 95
- Premier Foods hails "improving" sales trends
- 10 Key Trends in Food, Health and Nutrition 2015
- The Sugar Backlash and its Effects on Global Consumer Markets
- The Future of Retailing in the UK to 2017
- Global Consumer Trend Framework: Understanding Attitudes and Behaviors that Influence Global Consumption Habits
- Meat Substitutes Market - Global Trends, Forecasts up to 2019