Portugal news & analysis

25 May 2018
Portugal-based Sonae MC, the food retail division of Sonae, has said it ended Q1 2018 with a strengthened market position in Portugal. Increased turnover Turnover for Sonae MC was €940m, 10% more than in Q1 2017. Like-for-like sales (lfl) increased 5.3%. Sonae cites its enhanced value proposition and improved quality of its perishables as the main drivers of growth. Sonae MC’s online sal...
11 May 2018
Spain-based DIA has posted net sales of €1,877.6m in Q1 18, a 1.1% fall excluding foreign exchange rates (ex-FX) from Q1 2017. Gross sales under banner were broadly flat ex-FX, growing by 0.2%, to reach €2,270.0m. The numbers Gross sales in Iberia were €1,502.1m, down 4.3% from Q1 2017. DIA said a 3% space reduction and 1% negative calendar effect contributed to this. Iberian like-for-lik...
27 April 2018
Portugal-based Jerónimo Martins said net sales and services were up 12.1% without foreign exchange (w/o FX) from Q4 17 to reach €4,200m in Q1 18. The group has a confident outlook for the year ahead. Q4 2017 strength continues into 2018 Jerónimo Martins said all banners ended 2017 with positive sales growth and reinforced their market positions. Expansion is the retailer’s strategic focus i...
13 April 2018
Continente opened its 100th Bom Dia store in Lisbon, as the retailer increases its presence in proximity retailing. The store’s area is more than 1,000sqm, and required an investment of €3m. Expansion in convenience Continente’s Bonjour model was the first convenience format for the retailer. In the last six years, it has been the Bom Dia proximity store expansion that has intensified –...
12 April 2018
As Auchan’s local operations announce a range of developments, we look at the developments being made at a country level to embed the retailer’s global strategy. Auchan to close stores in Italy After announcing disappointing results in FY2017 for its Italy-based operations, Auchan has said it will close hypermarkets in the country. Around 20 hypermarkets are said to be under considerati...
12 April 2018
Following Auchan and Casino’s announcement of exclusive negotiations ‘ to build a global strategic partnership for their food and non-food purchases ’, which led to Casino saying it would end its joint purchasing agreement with Les Mousquetaires by the end of 2018, so the latter company has said that it will also end its buying alliance with DIA in Portugal. Cindia to close after three yea...
10 April 2018
Jerónimo Martins-owned Pingo Doce partners with Fonte-Online to re-enter the ecommerce channel 15 years after it closed Pingo Doce Online, according to Jornal de Negócios. Source: Mercadao Agreement with Fonte-Online Fonte-Online is a technological and logistical partner who specialise in creating digital businesses. Pingo Doce sales of its 6,000 pro...
12 March 2018
France-based Auchan said turnover rose 0.6% in its 2017 financial year, reaching €53.155 bn. Auchan Retail, meanwhile, slightly underperformed, with total turnover rising by 0.5% (or by 0.1% at constant exchange rates) to €52.0 bn. However, underlining the challenges the company is facing, operating income fell by 19.3% to €935m, while its net profit fell by 53.4% to €275m. Auchan said its net...
07 March 2018
In 2018 Jerónimo Martins will maintain its strategic focus on expansion in all markets. This follows on from 2017’s growth-driven strategy, which led to all banners reinforcing their market positions. Read Jerónimo Martins Q4 2017 sales results here . Jerónimo Martins plans to invest between €700-750m in 2018 The level of investment is similar to 2017 value, when it spent €724m. All...
22 February 2018
Spain-based discounter DIA has benefited from a recovery in Q4, helping it to drive positive like-for-like sales for the whole of 2017. In the fourth quarter like-for-like sales rose 1.1% in Iberia, while in its emerging markets division, like-for-like sales increased by 8.3%, excluding foreign exchange rates and calendar effects. The results… Total DIA: Q4 like-for-like sales (ex-calenda...