Jerónimo Martins news

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...

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...

Portugal-based Jerónimo Martins has said consolidated sales rose 4.7%, in Euro terms and by 9.1% at constant exchange rates, to €6.96 bn, with its Poland-based Biedronka chain driving results. Strength at Biedronka, growth across all divisions Despite calling out Biedronka, Jerónimo Martins saw an improvement in performance across all its retail divisions. In Poland, total sales, in local c...

In this update, we look at what happened at retailers across the region in the second quarter of 2016, including market entries & investment plans, new store concepts, online & digital, new technology, efficiency drives and legislation affecting retail. MARKET ENTRIES & INVESTMENT PLANS Lidl • Lithuania – The retailer has entered its 27th market, with 15 stores across nine towns and ci...

In the second of our two part series, we look at how leading retailers are targeting convenience and proximity growth in Latin America.  Following our focus last week on leading supermarket retailers, this week we focus on the evolution and expansion of value-focused proximity formats. Value and proximity - the best of both worlds? Tougher economic times have made shoppers across Latin Am...

As Jerónimo Martins reveals a strong performance in its first quarter and its Recheio chain launches online, Continente expands its online presence and SPAR acquires 12 stores, we round up news from the country. Jerónimo Martins sustains positive growth in Q1 Jerónimo Martins reported its Q1 results saying consolidated sales rose 5.9%, in Euro terms, to €3.38 bn, with a good performance in...

In this update, we look at what happened at retailers across the region in the first quarter of 2016, including investment plans, online developments, merger & acquisition activity and changes at the top. INVESTMENT PLANS & NEW STORES Poland • Carrefour is to launch 150 new stores with a focus on the convenience channel and invest €61m in store modernisation in 2016. • Jerónimo ...

In this update, we look at what happened at retailers across the region in the first quarter of 2016, including results, expansion plans, new formats and restructuring. Good start to 2016 Grupo Éxito's growth accelerated, powered mainly by Colombia's positive economic environment. We look at how it plans to grow For Carrefour , like-for-like sales were up 9.9% in Brazil and ...

Jerónimo Martins has updated on expansion plans and strategy for its Colombian discount format, ara. 2016 begins a new cycle Having built up three years' worth of experience in Colombia, ara has developed a solid structure, supply chain and a good local supplier base willing to grow with the retailer. The first operating region is fully up to speed and it has entered a second. The prior...

Following on from the announcement of its 2015 full year results, Portugal-based Jerónimo Martins has set out its investment plans for the year ahead and how it is aiming to win in its home market, Poland and Colombia. Investment to be lower in 2016 than in recent years Despite the uncertainty of how the retail tax is set to be implemented in Poland, the continuing competitive nature of its...