Retail in 2024: The big picture
Retail in Spain showed signs of gradual stabilisation in Spain, facing inflation and a series of economic challenges, with consumer confidence slowly returning. Inflationary pressure eased, although grocery product prices remain high.
Online sales continue to grow, but consumers still value offline retail
Although online sales continued to show upward momentum in 2024, store-based outlets managed to draw considerable footfall, supported by record levels of inbound tourism. A notable rise in the number of American travellers, who generally have higher purchasing power than most, has provided an extra boost.
Sustainability-focused development
Spanish consumers are increasingly prioritising sustainability in their purchasing decisions, encouraging retailers to focus on eco-friendly packaging solutions and to promote recycling more prominently. Many companies are stepping up measures to reduce carbon emissions by utilising renewable energy sources and streamlining their supply chains.
What next for retail?
Looking ahead, uncertain economic conditions and reduced disposable income levels are expected to persist for the next two to three years. Spanish consumers are likely to exercise increased caution in their spending, focusing on essential items and cutting back on impulse purchases.
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Overview:
Understand the latest market trends and future growth opportunities for the Retail industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Convenience Stores
- Discounters
- Hypermarkets
- Supermarkets
- Traditional Grocery Retailers
- Apparel and Footwear Specialist Retailers
- Electronics and Appliance Specialist Retailers
- Health and Beauty Specialist Retailers
- Home and Garden Specialist Retailers
- Department Stores
- Variety Stores
- Warehouse Clubs
- Direct Selling
- Homeshopping
- Vending
If you're in the Retail industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Retail in Spain report includes:
- Analysis of key retail trends
- Detailed segmentation of offline and online retail sales
- Historic channel sizes (retail value sales, outlet counts, and selling space)
- Company and brand market shares (retail value sales and outlet counts)
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Retail in Spain?
- Which are the leading retailers in Retail in Spain?
- How are products distributed in Retail in Spain?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How significant are discounters and private label in Spain?
- To what extent are sales shifting towards digital channels?
- What is the long-term outlook for bricks-and-mortar?
- How is macroeconomic and political uncertainty affecting the retail industry?
- What types of retailers are seeing the fastest growth in digital sales?
- What is the future of retail?
Retail in Spain
Retail in 2024: The big picture
Online sales continue to grow, but consumers still value offline retail
Sustainability-focused development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
January sales
Summer sales
DISCLAIMER
Convenience Retailers in Spain
KEY DATA FINDINGS
Positive performance for convenience retailers in 2024
Repsol takes full control over Gepsevesa, while Spar continues to expand
Click-and-collect and delivery options are expanding as grocery e-commerce continues to rise
Growth in sales to continue in the forecast period
Highly saturated market and few options for growth in terms of outlets
Increased offer in ready-to-eat food
Supermarkets in Spain
KEY DATA FINDINGS
Sales in supermarkets decline, prompting greater focus on private labels
Mercadona maintains leadership, while Condis expands its network
Growth in offer of non-grocery products, and Auchan and Carrefour strengthen market positions
Supermarkets expected to see improved performance over forecast period
Circular economy, sustainability and increased offer of local fresh produce will all remain key to driving sales
Expanding services – last-mile delivery points and click-and-collect
Hypermarkets in Spain
KEY DATA FINDINGS
Decline in sales for hypermarkets
More focus on local producers in line with sustainability concerns
Omnichannel strategies and diversified offer
Moderate growth in sales expected for the forecast period
Store network is set to decline, while players will focus more on maintaining customer loyalty
Ongoing digitalisation will remain essential for progress in hypermarkets during the forecast period
Discounters in Spain
KEY DATA FINDINGS
Discounters benefits from low prices and private label
Dia returns to core business model, Lidl and Aldi continue with expansion
Continued focus on sustainability, while Lidl and Aldi invest in expansion
Discounters set to see positive results over the forecast period
Strategies focusing on circular economy to play greater role
E-commerce will gain further ground
Small Local Grocers in Spain
KEY DATA FINDINGS
Sales fall for small local grocers in 2024
Mixed results for food and drinks specialists
Organic trend gains momentum
Modern grocery retailers remain threat to small local grocers
E-commerce will see increased investment
Pressure on profit margins to result in decrease in outlets, while convenience trend offers potential for growth
General Merchandise Stores in Spain
KEY DATA FINDINGS
Positive growth for department stores in 2024
El Corte Inglés as overall leader in 2024
Chinese family-owned stores continue to dominate variety stores in Spain
Economic uncertainty means declining sales in the forecast period
Variety stores such as Ale-Hop and Pepco likely to perform better
Department stores faces intensified competition from e-commerce
Apparel and Footwear Specialists in Spain
KEY DATA FINDINGS
Apparel brands go for megastores
Zara moves further towards sustainability
Fast fashion and casual wear lead sales growth
Apparel and footwear specialists to see decline in number of outlets
Sharpened focus on sustainable fashion
Fast fashion set to expand, and players anticipated to increase investment in customer experience
Appliances and Electronics Specialists in Spain
KEY DATA FINDINGS
Change in TV channels frequency in Spain results in sales increase
Players invest more in sustainability and their omnichannel presence
Independent retailers suffer from increased costs and thinning margins
Weakening sales projected for forecast period
Omnipresence to determine the success of appliances and electronics specialists
Circular economy and convenience to shape progression
Home Products Specialists in Spain
KEY DATA FINDINGS
Negative performance in 2024 for home furnishing stores amid overall category growth
Jysk continues to expand, while Leroy Merlin maintains leadership
Home improvement and gardening stores record flat performance, with e-commerce faring better than store-based retail
Demand for homewares and home furnishing products to remain relatively low
Pet shops and superstores will fare well as overall competitive landscape becomes more consolidated
Growth in e-commerce channel with players investing more in online presence
Health and Beauty Specialists in Spain
KEY DATA FINDINGS
Beauty specialists continues to rise in 2024
Dia sells Clarel, while Body Shop exits the market
Focus on natural and organic products, and resistance to online availability of medicines and drugs
Health and beauty specialists to see moderate value growth, while Druni is set to strengthen its position
Sustainability will remain key driver of development, as health and personal care stores faces mounting pressure from other retail channels
Beauty specialist retailers will invest more in omnichannel approach, though pharmacies will remain resistant
Vending in Spain
KEY DATA FINDINGS
Overall sales of vending decline, as channel is dominated by tobacco
Greater focus on healthy food options
Sales of non-grocery products through vending remain negligible
Sales expected to struggle due to decline in tobacco consumption
Contactless payments and evolving tech will improve customer experience
Product diversification offers potential for growth
Direct Selling in Spain
KEY DATA FINDINGS
Positive sales growth for direct selling in 2024
Health and beauty remains largest segment
Social media channels have substituted face-to-face contacts
Direct selling faces challenges for forecast period
Digitalisation trends set to accelerate
Continued economic period should support the creation of new sales force
Retail E-Commerce in Spain
KEY DATA FINDINGS
Retail e-commerce continues to grow strongly in 2024
Temu and Shein win share at the expense of category leaders
Companies expand their omnichannel strategies
E-commerce set to see persistent expansion over the forecast period
Temu’s growth potential under question as company raises suspicion of EU competition authority
Focus on sustainability set to sharpen
The following categories and subcategories are included:
Retail
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- Convenience Stores
- Forecourt Retailers
- Supermarkets
- Hypermarkets
- Discounters
- Warehouse Clubs
- Food/Drink/Tobacco Specialists
- Small Local Grocers
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- Department Stores
- Variety Stores
- Apparel and Footwear Specialists
- Appliances and Electronics Specialists
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- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
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- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
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- Bags and Luggage Specialists
- Jewellery and Watch Specialists
- Sports Goods Stores
- Traditional Toys and Games Stores
- Other Non-Grocery Retailers
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- Fashion Vending
- Health and Beauty Vending
- Appliances and Electronics Vending
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- Alcoholic Drinks Vending
- Hot Drinks Vending
- Soft Drinks Vending
- Tobacco Products Vending
- Foods Vending
- Home Products Vending
- Other Products Vending
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- Apparel and Footwear Direct Selling
- Personal Accessories Direct Selling
- Eyewear Direct Selling
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- Beauty and Personal Care Direct Selling
- Consumer Health Direct Selling
- Tissue and Hygiene Direct Selling
- Appliances and Electronics Direct Selling
- Drinks and Tobacco Direct Selling
- Foods Direct Selling
- Home Products Direct Selling
- Other Products Direct Selling
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- Apparel and Footwear E-Commerce
- Personal Accessories E-Commerce
- Eyewear E-Commerce
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- Beauty and Personal Care E-Commerce
- Consumer Health E-Commerce
- Tissue and Hygiene E-Commerce
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- Consumer Appliances E-Commerce
- Consumer Electronics E-Commerce
- Toys and Games E-Commerce
- Drinks and Tobacco E-Commerce
- Foods E-Commerce
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- Home Care E-Commerce
- Home and Garden E-Commerce
- Pet Care E-Commerce
- Other Products E-Commerce
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- First-Party (1P) Marketplace E-Commerce
- Third-Party (3P) Marketplace E-Commerce
- Grocery E-Commerce
- General Merchandiser E-Commerce
- Apparel and Footwear Specialist E-Commerce
- Appliances and Electronics Specialist E-Commerce
- Home Products Specialist E-Commerce
- Health and Beauty Specialist E-Commerce
- Leisure and Personal Goods Specialist E-Commerce
- Other E-Commerce Retailers
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Retail
Retail is the sale of new and used goods to consumers from a business for personal or household consumption from retail outlets, kiosks, market stalls, vending, direct selling and e-commerce. Retail is the aggregation of Retail Offline and Retail E-Commerce. Excludes specialist retailers of motor vehicles, motorcycles, vehicle parts. Also excludes fuel sales, foodservice sales, rental transactions, and wholesale sales (e.g. Cash and Carry). Sales value excluding or including VAT/Sales Tax. Retail also excludes the informal retail sector. Informal retailing is retail trade which is not declared to the tax authorities. Informal retailing encompasses (a) sales generated by unregistered and unlicensed retailers, i.e. retailers operating illegally, and (b) any proportion of sales generated by a registered and licensed retailer that is not declared to the tax authorities. Unregistered and unlicensed retailers operate predominantly (although not exclusively) as street hawkers or operate open market stalls, as these channels are harder for the authorities to monitor than permanent outlets. Activities in the illegal market, which is usually understood to refer to trade in illegal, counterfeit or stolen merchandise, are included within our definition of informal retailing. Activities in the “grey market”, which is usually understood to refer to trade in legal merchandise that is sold through unauthorized channels – for example cigarettes bought legally in another country, legally imported, but sold at lower prices than in authorized channels – will be included as informal retailing if no tax is paid on sale by the retailer. However if the retailer pays tax – for example on cigarettes bought legally in another country but sold at a lower price than standard – the sale is included within formal retail.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Retail research and analysis database.
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