Spanish retailer Dia is exploring the possibility of selling its business in Portugal, where it operates under the Minipreco banner, according to reports in Jornal de Negocios and Inforetail. The company currently has 499 Minipreco supermarkets in the country, 297 of which are said to be operated under franchising arrangements. Dia also owns three distribution centres in Portugal. The retailer has hired Societe Generale as a financial advisor to study …
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Rede Polo, a retailer based in the state of Rio Grande do Sul, Brazil is reportedly acquiring 57 stores from Spanish supermarket chain Dia. According to sources, Dia recently ceased operations in the state of Rio Grande do Sul, where it had 70 outlets. Four of the stores to be acquired are located in the state capital Porto Alegre. Rede Polo, which has operated stores in Rio Grande Do Sul since 1998 under the banner …
Dia, the Spanish supermarket chain, plans to close 219 outlets this month after a buyer for them failed to materialise, according to a report in El Pais. The retailer had previously announced up to 300 of its stores might have to shut after it closed its 2018 financial year with €352 million ($396 million) in losses and in a situation of technical bankruptcy. It is reported that, of the more …
Spanish retailer Dia is planning to expand in Brazil and Argentina. According to Reuters Brasil, the group announced that it plans to open 1,500 new stores in Brazil and 1,100 in Argentina by 2020, as a result of strong organic growth in Latin America. Currently, Dia has 1,000 stores in Brazil and more than 7,000 stores worldwide. It is present in Portugal and China as well as Spain, Argentina and …
Spanish retailers Dia Group and Eroski Group have signed an agreement designed to maximise the quality and price of their private label offering. The companies said that the new agreement, based on a peer-to-peer relationship, would allow them to improve the competitiveness of their private label products and also acquire materials and supplies needed for the business. Fresh products, oil, eggs and milk are excluded from the agreement. In a …
Spanish supermarket chain Dia has launched a new campaign called Choose Your Promotion for its Minipreco banner in Portugal, which for the first time will give customers the opportunity to choose the special offers they would like to see in stores. According to Grande Consumo, the initiative will launch on the supermarket’s Facebook page, where every week two options will be up for vote. The option with more votes will …
Supermarket chain Dia has announced a new marketing initiative in Brazil – launched with the hashtag #pfdodia – based around the concept of ‘food trucks’. Food trucks – vehicles fitted out to produce and sell street food – have become increasingly popular in recent years, especially within major cities in North America. Dia’s new ‘food truck’ campaign will see the company offer freshly prepared food made from its own brand …
Spanish supermarket chains Dia and Eroski have announced that they are to form a new purchasing alliance “with a view to driving efficiency gains and offering shoppers the best prices on the market by enhancing their bargaining power”. The alliance between the two retailers, which together operate nearly 6,000 stores across Spain, is reportedly aimed at improving purchasing conditions in negotiations with national and international large-scale suppliers. According to Dia, …
The Spanish retail chain Dia Group and the French supermarket Intermarche have agreed to create CINDIA, a joint platform for negotiating limited to Portugal. Intermarche has been active in Portugal since 1991, while Grupo Dia has been present in the country since 1993, operating stores under the Minipreco banner. Announcing the news in a statement, Dia said that CINDIA would be exclusively responsible for negotiating with the biggest leading national …
Dia Group has revealed plans to establish two new retail brands in Portugal in an attempt to arrest a decline in its operating results in the country. Portuguese newspaper Diario Economico reports that the group is planning to introduce the store brands Dia Maxi and Minipreco Market over the next year. Dia reported that sales in Portugal for the past year fell to €376 million, a drop of 7.2% on …
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