Portugal news & analysis

09 March 2017
We bring you a round-up of the latest new initiatives across some of Lidl's European markets that demonstrate ways in which the discounter is evolving. Germany: Lidl accepts contactless Girocard payments Since February 2017, Lidl now accepts contactless payments via the widely-used Girocard method in all of its German stores. By using NFC-capable (Near Field Communication) methose, Lidl sho...
06 March 2017
France-based Les Mousquetaires has said in its European operations net sales have risen 1.9% to €40.2 bn, including fuel and its agribusiness, Agromousquetaires. The organisation said its Intermarché and Netto brands generated sales of €33.3 bn including fuel, while excluding it they produced €25.8 bn, with the latter figure up by 1.5% on 2015. Sales rise 1.3% in France Intermarché in Franc...
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...
23 February 2017
Spain-based DIA has announced FY2016 results saying that excluding the effects of currency moves, gross sales under banner rose 10.2% to €11.63 bn. Including the effects of currency, gross sales were flat at €10.55 bn. The retailer said it had enjoyed positive like-for-like sales in all its operating markets. This was particularly encouraging given the challenges it has faced in Portugal and give...
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...
02 December 2016
Mercadona has grown relentlessly in recent years, with the retailer opening around 100 new stores per annum in the years immediately prior to the economic crisis. Although the pace of opening has slowed since, it has continued to add more than 60 outlets per year since 2009, helping it to consolidate a dominant position in the Spanish food sector, with gross sales of over €21bn in 2015. Sales ...
17 November 2016
Auchan will start testing the wiiGO robot in its Englos store near Lille, to help people with limited mobility carry their shopping bags. wiiGo takes the effort out of shopping The wiiGO robot, which was invented by Portuguese start-up 'Follow Inspiration', aims to help people with reduced mobility and pregnant women by carrying their shopping bags for them. The robot uses a visual recognit...
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...
08 September 2016
Lidl is going to increase the competition in the value fashion retail market, while engaging with young shoppers via an augmented app. Pop-up fashion store Lidl in Germany has opened its first pop-up fashion store at a premium high street in Hamburg surrounded by designer shops like Louis Vuitton, Jil Sander, Prada and Gucci. For the period of 10 days Lidl will be offering its new fashion...
31 August 2016
MercadoLibre's chief financial officer, Pedro Arnt, said the second quarter of 2016 was one of its strongest ever. We look at three reasons why the online marketplace is one to watch in Latin America.   1. Consistently strong results Often referred to as the Latin American eBay (eBay is actually a major shareholder) MercadoLibre posted a 29% increase in net revenues, year-on-year, for t...