date:Jul 31, 2014
attributed to the strong deflation that is being experienced in Spain, which is affecting all retailers.
On the plus side, Dia's gross sales in emerging markets such as Argentina, Brazil and China rose by 29.5 per cent in local currency terms.
Its underlying net profit also grew by 5.3 per cent in the first half of the year, to 102.5 million.
Ricardo Curras, chief executive officer of Dia, commented, The second quarter of 2014 has shown an improving trend in terms of LFL sales, both in Iberi