Greggs expands abroad with Tenerife airport launch and Spanish breakfast twist
British bakery giant Greggs is set to open its first overseas outlet in almost two decades at Tenerife South airport later this month, as the...
Retail
UK bans two ads by Spanish fashion brand Zara for ‘unhealthily thin’ models
The UK’s advertising watchdog has prohibited two adverts from the Spanish fashion brand Zara after ruling that the models featured appeared ‘unhealthily thin’ and that...
Alcampo to close 25 stores in Spain with the loss of 710 jobs across 13 regions
The French retail chain Auchan, operating in Spain under the Alcampo brand, has announced plans to close 25 stores across the country, resulting in the...
Shares in Spanish retail giant Inditex drop despite another record profit
Spanish retail giant Inditex, the parent company of Zara, reported another record annual profit on Wednesday, yet concerns over potential US tariffs impacting future growth...
Spain’s flagship store El Corte Inglés posts record losses
Spain’s flagship department store group El Corte Inglés, a key barometer of the Spanish economy, reported record annual losses for 2020 on Friday, due to...
Spanish supermarket Dia to slash jobs
Financially troubled Spanish supermarket group Dia has said it wants to cut up to 2,100 jobs as it reported a massive loss. Dia, the target of...
Zara owner Inditex posts slower profit rise
Spanish retail giant Inditex said Wednesday net profit rose 4% during the first nine months of its fiscal year, a slower gain than last year...
Retail giant ‘El Corte Inglés’ in deal with Alibaba
Spain’s top department store chain El Corte Inglés on Thursday announced a collaboration with Chinese e-commerce giant Alibaba. Under the deal El Corte Inglés (‘The...
