Portugal news & analysis

24 October 2019
Portugal-based Sonae announced its food retail category sales increased by 5.4%, in H1 2019 and it expects a turnover of 5.5% to 6%.  Meanwhile, the group plans to invest €725m towards store expansions, maintenance and improvements, by 2021. Expansion strategy Sonae MC claims it expects the Portuguese market to be one of the fastest growing in Europe. The group currently operates 173 Contin...
14 October 2019
Portugal-based Pingo Doce has launched a new digital store concept, which uses a downloadable application that allows shoppers to ‘just walk out’. Similar technology has also been developed by other retailers, underling its growing interest for companies looking to improve their in-store offer. Pingo Doce’s new digital store concept… Jerónimo Martins-owned Pingo Doce introduced an app calle...
02 October 2019
Spain-based Mercadona has announced becoming a member of the Hospitality Club. Furthermore, the retailer has opened a new efficient store in Madrid and its fifth store in Portugal. Joining the Hospitality Club… Mercadona has joined the Hospitality Club, which was created by the Hosteleria de Espana business organisation. The organisation represents 300,000 hotel establishments in Spain. ...
25 September 2019
Following its exit from Italy, Auchan is continuing to invest elsewhere in Europe to grow its store base. Recent announcements have seen country operations in Poland and Portugal discuss growth opportunities. Auchan targeting expansion in Lisbon… Speaking at the reopening of a store in the city, Auchan Retail Portugal’s general director, Pedro Cid, discussed how the retailer wanted to opera...
17 September 2019
Spain-based discounter DIA has highlighted the positive developments it has taken in the first six months of its financial year. At the same time the retailer said gross sales under banner had fallen by 18.3%, or by 6.9% at constant exchange rates, to €4.25 bn. Disruption affected overall performance DIA reported that like-for-like sales dropped by 7.8% in the half, versus 3.6% in H1 2018, ...
06 September 2019
The Auchan Group announced it has initiated its rebranding programme, set April 2018. In H1 2019 results, it was highlighted Auchan Portugal has strong sales growth. Rebranding Auchan Retail operates under three banners, in Portugal. The retailer has started the rebranding of Jumbo and Pão de Açúcar stores, to concentrate on the Auchan brand. The Auchan Group’s €90m investment plan for 2...
06 September 2019
Reversing a previously announced decision to sell its Clarel stores, due to them being non-core, DIA has said it is set to retain the brand in both Spain and Portugal. New business unit created to give banner focus As part of the new focus on the banner and to enable it to drive innovation for itself, DIA has created an independent business unit for the brand. The unit will be led by Paul B...
06 September 2019
Auchan Retail generated revenue of €22.7 bn in the first half of its financial year, a fall of 2.4% at current exchange rates and by 0.4% at constant exchange rates. On a like-for-like basis, Auchan Retail said revenue fell by 0.8%. The retailer reported the performance of its operations in 12 countries, i.e. excluding Italy and Vietnam, and had restated them due to its concession agreement with ...
23 August 2019
French-based Les Mousquetaires has announced a strong expansion plan for its Intermarché stores in Portugal.  The retailer plans to implement a strategy based on opening more stores and reducing prices across most ranges. Expansion plans Laurent Boutien, president of Les Mousquetaires, has announced the retailer plans to invest €200m to open 105 stores by 2023. €60m is planned to be investe...
21 August 2019
Portugal-based Sonae MC has reported a turnover of €2.18 bn for the first six months of the financial year. An increase of 10% year-on-year. Strong growth… Sonae MC announced its growth was supported by strong like-for-like (LFL) sales. The retailers LFL sales reached 3.9% in H1 2019. Claudia Azevedo, Sonae’s CEO said it ‘had a very positive first half of the year, with strong growth, pr...