Following losses of EUR32.5m (US$41.47m) for FY 2005, Spanish supermarket chain Caparbo has announced a three-year strategic plan designed to boost sales.
Go deeper with GlobalData
This is the first time in the group’s history that it has registered a loss. The chain witnessed an 18% drop in sales during the fiscal year, with sales at its 300 outlets declining to EUR2.3bn.
Caprabo said that it plans to make a number of changes to its format to reinvent its image. It will widen aisles, broaden the range of products carried and reorganise the positioning of different sections in its stores.
The group said it anticipates spending EUR145m refurbishing stores between 2006 and 2009. Dutch company Jos de Vries has been retained to design and execute the refurbishment.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
