Jerónimo Martins news

25 January 2016
In an attempt to support small independent stores, the Government has revealed details of the new retail tax which will come into effect on 01.04.2016. Progressive rate 0.7% - 1.9% The tax will be progressive with a rate of 0.7% for retailers with monthly sales between PLN1.5m and PLN300m (EUR335,000 - EUR67m), 1.3% for those with monthly sales above PLN300m (EUR67) and a maximum rate o...
18 January 2016
As DIA, Intermarché and Pingo Doce expand, opening mission-focused stores we round up news from Portugal. DIA adds new stores, promotes proximity promise DIA has opened seven Minipreço Market stores throughout the country, despite the retailer announcing a fall in sales during the first nine months of its 2015 financial year. The average size of the stores, at c. 370 sq. m, underlines how t...
13 January 2016
Portugal-based Jerónimo Martins saw net sales grow 8.3% to €13.7b in its 2015 full year results, with a positive performance seen from all its operations. The retailer also reported Q4 results noting that total and like-for-like sales growth was maintained in the final three months of the year. Q4 driven by growth in Poland… Despite Jerónimo Martins noting that the Polish market remained ‘ ...
17 December 2015
As Portugal-based Jerónimo Martins makes new appointments at its two main chains, Poland-based Biedronka and Pingo Doce in its home market, we review the management changes and some of the initiatives that the retailer has initiated at both recently. New appointments at Biedronka and Pingo Doce Jerónimo Martins said that as part of its ‘process of reviewing the offer and improving customer...
10 December 2015
Gavin Rothwell explores three value formats that are gaining sales and share. 1. Atacarejo: a large format success story in Brazil In its traditional Brazilian incarnation, this format - a hybrid value-focused, brand-oriented large store format that crosses retail and cash & carry - continues to grow at pace. Grupo Éxito's Assaí and Carrefour's Atacadão continue to grab the headlines in Bra...
13 November 2015
As Sonae and Jerónimo Martins announce results, with the former bundling its loyalty cards and the latter announcing its short term expansion plans, we round up the news from the country. Sonae sees like-for-likes sales fall… Sonae MC has announced results for the first nine months of 2015 saying that turnover rose 0.5% to €2.5 bn, driven by the addition of five Continente Bom Dia and one C...
06 November 2015
Jerónimo Martins has reported strong top line performance across all banners driving Group sales to grow 9% and EBITDA to increase 7.3%, in the first 9M 2015. Positive development across its markets In the nine months of the year, Jerónimo Martins has strengthened its competitive position in all markets where it operates while strongly increasing cash flow generation. Group sales in...
08 October 2015
As Sonae chooses dunnhumby’s services and puts its private label ranges under the spotlight and Pingo Doce says that it is investigating the online opportunity we round up news from Portugal. Sonae selects dunnhumby to drive price optimisation Sonae has chosen dunnhumby to extend the PriceStat price optimisation software licence across new formats in order to help it build and maintain its ...
13 August 2015
As Pingo Doce acquires some small stores, its Recheio cash and carry-backed Amanhecer banner expands quickly by attracting independent store owners to the fascia, Sonae MC says it is set to focus on the Meu Super banner and DIA expands its Minipreço Market format, we round up developments from the country that underline its retailers’ increasing concentration on targeting shoppers’ top up and on-...
30 July 2015
Portugal-based Jerónimo Martins has announced first half results saying that it was enjoying positive growth in its operations in its home market and in Poland. We look at the strategies being put in place to help the retailer win in these competitive markets during 2015. Results show positive performance across operations Jerónimo Martins said that consolidated sales rose by 9.8% in euro t...