Jerónimo Martins news

18 January 2018
Group sales were up 9.4% without foreign exchange (w/o FX) since 2016, reaching €16.3bn. Jerónimo Martins said that their strategic focus on growth led to all banners reinforcing their market positions and meeting their sales targets. In line with its increase in capital expenditure programme, there has been a continued expansion in Poland and Columbia, with most new stores being opened in Q4....
27 July 2017
Jerónimo Martins reported improved half-year sales turnover for 2017 at 9.4% year-on-year (constant exchange rate) and 6.9% in like-for-like sales to reach EUR 7.8bn. Improved performance is attributed to focus on footfall growth, sustained advertising spend, as well as product and private label expansion. Biedronka reports double-digit growth Biedronka reported a 10.8% year-on-year sales...
13 June 2017
Hebe CEO, Sacha Djokic, declared that Jerónimo Martins will commit €10mn to expand the drugstores network in 2017. This is part of the Portuguese retailer’s €400mn expansion investment in Poland for 2017 that will add 30 Hebe stores to the current network of 161. Category promotions drives traffic growth Jeronimo Martins looks to compete for market share in a channel that is fragmented. M...
16 March 2017
We assess four initiatives announced in the past seven days to drive new growth across Brazil, Mexico, Central America and Colombia. Walmart in Brazil: full speed ahead with large format reinvention Following the success of initial trials, Walmart will invest BR$1bn (US$320m) in upgrading its large store estate over the next three years. It's a move that's needed, given the recent investmen...
27 February 2017
As part of its 2016 FY results statement, Portugal-based Jerónimo Martins has discussed its investment plans for 2017. Announcing a strong increase in its capex programme, to €700m for 2017, from €482m in 2016, the retailer set out its belief in continued expansion in Poland and Colombia. Rising capex to fund expansion Jerónimo Martins said that it planned to invest €700m in 2017, with the...
13 January 2017
Portugal-based Jerónimo Martins has said net sales rose 6.5%, 9.8% at constant exchange rates, to €14.6 bn in 2016. After a slightly slower period of sales growth, the retailer’s Poland-based discount chain Biedronka saw an acceleration in performance, with net sales rising by 6.3%, or 10.8% at constant exchange rates. The numbers… Looking at the retailer’s performance, it said that in Euro t...
17 November 2016
Colombia is emerging as one of Latin America’s key economies, with its sustained economic expansion and growing political stability prompting significant expansion for discount chains in particular. Discount growing quickly in the country Colombian retail association Fenalco confirmed to IGD the significant growth being seen in the discount channel: it estimates discount accounts for c. 6...
25 October 2016
In this update, we look at what happened at retailers across the region in the third quarter of 2016, including who's winning, the hotspots for expansion, and who's being most innovative in-store. Retailer results: who's winning Internationally, net sales declined for Walmart in Q2 of fiscal 2017. Walmex reported strong momentum across all formats, divisions and countries, while co...
24 October 2016
As Jerónimo Martins announces third quarter results, we look at how it has performed and some of the initiatives being put in place by Sonae MC to help it compete in the highly promotional market. Jerónimo Martins enjoys dynamic growth Jerónimo Martins benefited from strong sales growth in its third quarter, with net sales up 7.1%, driven by a good performance across all its markets, albei...
09 September 2016
The first ara stores will open in suburbs of the Colombian capital on 10 September. Kicks off expansion plan in central region Two stores will open: in Chía, to the north of Bogotá city, and Soacha, to the south. They are part of overall plans to open 40 stores in 2016, including in Bogotá and in nine municipalities of the Cundinamarca region. A spokesperson for ara, Germán Barreto, was...