Hypermarkets becoming part of Spanish life as small stores disappear

Article Abstract:

Traditional small markets are declining in Spain due to the growth of hypermarkets, which represents about 60% of the retail trade. Social changes are a factor in the growth of hypermarkets, as more women work, reducing the amount of time for food shopping, and more people live in suburban areas. The leading hypermarket group is Pryca and its strategy is to concentrate on customer loyalty. Continente is the second largest group concentrating on offering a wide range of goods and emphasising own label products.

Social aspects, Spain

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Carrefour growth unchecked by Asian crisis

Article Abstract:

French-based hypermarket chain Carrefour has reported a 1997 net profit of FFr3.58 billion, up 14.7% from 1996, with turnover for the period amounting to FFr170 billion. The company's operations in China and Taiwan have been largely unaffected by the Asian currency crisis. Carrefour, with 308 outlets in 16 countries, derives most of its sales and profits from France, Spain, Argentina, Brazil and Taiwan. The group plans to have more than 500 stores by 2002.

Variety stores, Finance, Carrefour S.A.

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Portuguese expansion for Leclerc

Article Abstract:

Leclearc of France, a hypermarket operator, is to open its first outlet in Portugal in December 1995, incorporating several outlets offering other services, such as dry cleaning. The company already has two outlets in Spain and has plans for a third, along with two in Poland. It is seeking overseas markets for growth due to the clamp down on the number of new store openings by the French authorities.

Foreign operations, LeClerc

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