Jerónimo Martins news

Portugal-based Jerónimo Martins has announced Q4 and full year results for 2014 saying that net sales rose by 7.2% to €12.68 billion, aided by a recovery in like-for-like sales at Biedronka and strong growth at Pingo Doce during the fourth quarter. Total sales growth generated in spite of deflationary environment Jerónimo Martins said that sales growth for the year had been driven by ‘ cont...

Portugal-based Jerónimo Martins has hosted an investor day to underline how its ‘ growth opportunity… remains intact ’ in Poland, despite market changes, which have limited the growth outlook for its Biedronka banner. We round-up five key points from the day. 1. Poland remains a market with longer term growth opportunities Jerónimo Martins said it forecasts the Polish market will remain ...

Portugal-based Jerónimo Martins has announced results for the third quarter saying that sales rose 7.3% to €3.3 billion, with growth driven by its Biedronka chain in Poland. However, the retailer noted that the increase in sales came ‘despite food deflation’, which ‘increased pressure on sales value and profitability’, with net profit falling by 20.0% to €92.0 million. Pace of food deflation q...

Boasting Latin America's third biggest population and strong economic growth prospects, we look at how Colombia is emerging as a market of opportunity. An emerging force in Latin America In the past Colombia hasn't had the best track record. But the country as a whole is on the up. Bogotá sits as the fulcrum for much of this investment, though investors are starting to look more at other p...

Portugal-based Jerónimo Martins has announced results for the first half of its financial year, with sales rising by 7.2% to €6.1 billion, although held back a contraction in like-for-like sales at its Poland-based Biedronka chain. Declining food prices affect performance Jerónimo Martins said that in its main markets of Portugal and Poland it had seen ‘ a significant decline in food prices...

We look at how retailers across Latin America have fared in the second quarter, reviewing expansion plans and other news, including some great stores we have seen in the region. Improving sales trends continue in second quarter Walmex achieved net sales growth of nearly 4% for the first half. Investment in e-commerce is ongoing, and Walmex is implementing changes to address problems at...

In an interview in the Economic Daily newspaper Jerónimo Martins’s CEO, Pedro Soares dos Santos, discussed the retailer’s development plans for Colombia. Retailer looking to double store numbers in market in 2014 Pedro Soares dos Santos said that Jerónimo Martins had opened eight Ara stores in the first half of 2014 and was planning to add a further 42 before the end of the year, a feat tha...

After a number of announcements, we look at how Poland-based Biedronka has developed its offer and management in order to operate in an increasingly promotional and competitive market. Retailer to accept card payments Local publication Dziennik has reported that Biedronka will begin accepting credit card payments from 1 July, with the process of adding terminals in-store set to last three mon...

After a sustained period of growth from its Poland-based Biedronka chain, Jerónimo Martins has announced that like-for-like sales fell by 2.7% in the first quarter of 2014. Despite this, the retailer said that consolidated sales rose by 5.6%, at constant exchange rates, reaching €2.9 billion. Mixed picture at Biedronka Jerónimo Martins said that the ‘ food retail environment in Poland remaine...

On the first anniversary of its entry into Colombia, Pedro Soares dos Santos, president of Jerónimo Martins, has updated local press on the progress of the Ara store format. Ara is a priority for investment There are now 37 Ara stores open and the retailer plans 50 more for this year. Mr Soares dos Santos said the current phase was one of "consolidation of some learning, strengthening ...