Jerónimo Martins news

Portugal-based Pingo Doce has partnered with Takeaway.com to deliver home-cooked meals in Lisbon. The solution allows customers to order meals through takeaway.com’s app. Deliveries will come from Pingo Doce’s restaurants and be delivered by takeaway.com. The start-up phase The initial roll out will use two Pingo Doce restaurants located in the Telheiras and Tomás Ribeiro stores. Deliveries...

Portugal-based Jerónimo Martins has been setting out its short-term investment and expansion plans. The company has been discussing investment in existing operations and opportunities for entry into new markets too. CAPEX to stand at between €700m and €750m in 2019 Jerónimo Martins said its CAPEX investment plans stood at between €700m and €750m for 2019, with this set to be invested in thr...

All the group’s banners performed well in FY 2018, with positive sales increases, according to the retailer’s preliminary sales figures. Biedronka, Pingo Doce and Recheio strengthened their value propositions and continued to gain market share, whilst Ara continues to expand in Columbia. Group net sales grew 6.5% to €17.3bn in FY 2018, despite 21 fewer trading days in Poland. FY 2018 performan...

Pedro Soares Dos Santos, Jeronimo Martins Group CEO, disclosed Biedronka’s strategy for 2019 and the medium term, in an interview with Business Insider Polska. The retailer will focus on fresh food, food-to-go, and how to recover lost sales caused by the new Sunday trading law. We look at these strategies and their implications on its stores and suppliers. Fresh food sales to increase to 70% s...

Ara, a discount banner based in Columbia will invest between €500M to €600M to open more stores in the country over the next two years, Portafolio reports. Ara is owned by Portugal-based group Jerónimo Martins. Funding from the International Finance Corporation In addition to other sources, the International Finance Corporation (IFC), an arm of the World Bank, will help to fund Ara’s expans...

Group net and services sales grew 7.3% to reach €12.8bn in 9M 2018, with (like-for-like) sales up 3.4% compared up 9M 2017. All banners performed well and reinforced their market shares in the context of positive consumer environments and low food inflation. For FY 2018 CAPEX is expected at €700 to €750M, covering store network expansion and remodellings. 9M 2018 Performance by banner ...

Spain-based DIA completes the deal to sell its Chinese businesses, whilst Carrefour and Pingo Doce introduce recycling initiatives into their stores. DIA completes the deal DIA’s agreement with NanjingSuning.com , part of the Chinese group Suning, began on April 3 2018 and has been announced as completed by the retailer. 100% of its entities will be transferred, marking DIA’s exit from...

In H1 2018 net sales increased 8.7% to reach €8.4bn (excluding f/x), with like-for-like sales up 4.1% compared to H1 2017. Net income was €180m, up 3.9% year-on-year. Positive outlook for all countries All banners increased their market share in the first half of the year, with private label development a highlight and focus for the group. Moving forward, the retailer’s priorities are sales...

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...

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...