Jerónimo Martins news

Confirming its 2013 results, Portugal-based Jerónimo Martins has discussed the market environment and outlook for its operations in 2014. Retailer confirms previously announced sales figures Jerónimo Martins said that net sales rose 10.7% to €11.8 billion in 2013, while net profit increased by 6% to €382 million. During the year the retailer invested €540 million in capital expenditure, with ...

Jerónimo Martins wants to open 50 franchised Pingo Doce stores over the next five to six years, says its chief executive Pedro Soares dos Santos. Stores will be outside major urban cities The 1,000 sq m outlets will be away from major centres like Lisbon and Oporto, to help the group develop its neighbourhood stores business and get closer to customers. Speaking at a press conference, ...

Portugal-based Jerónimo Martins has announced strong results for 2013, as sales have risen by 11.1%, at constant exchange rates, to €11.8 billion. Positive performance from all operations The retailer said that its strong performance was driven by ‘ both expansion and a 3.5% like-for-like sales increase ’. Jerónimo Martins was pleased with its overall performance as 2013 was a challenging yea...

As a support for its growth outlook in Poland, Jerónimo Martins has announced plans to grow the retail footprint of its Hebe banner in the market. Retailer sets out expansion plans for next five years The strategic announcement was made by Nuno Sereno, CFO and Member of the Board at Jerónimo Martins Polaska, who said that the retailer was planning to add between 20 and 40 Hebe stores a year f...

Leading discounters are expected to open over 400 stores combined in 2014, while a new discounter has entered the market.  Biedronka set to open 300 stores as parent expands into drugstores Poland's fastest growing discount chain, Biedronka plans to expand its market share over the next year with the expected opening of 300 new stores. Biedronka's Portuguese parent, Jer ó nimo Martins is inc...

Netto Polska, part of Danish retailer, Dansk Supermarked Group may look to grow its store count in Poland to 1000 stores, according to a Polish grocery news website. Other discounters operate over double this number Kent Petersen, President of Netto Polska drew comparisons with other discount retailers. ‘If Biedronka can have about 2200 stores, we can surely have about 1000. I think that the...

Portuguese-owned discount chain Biedronka has unveiled its plans to expand through the small store format in Poland. Small stores as an expansion vehicle The retailer’s expansion plan is based on a two-way approach. The new smaller stores will be predominantly opened in city centres, while Biedronka’s franchise stores will be a vehicle for expansion in rural areas. This would result in a...

At the retailer’s 2013 investor day, Portugal-based Jerónimo Martins has set out its vision for what the company will look like in 2016, saying the Biedronka will remain its engine for growth, while it will continue to enhance value in Portugal and expand in its new market of Colombia. Retailer sets out annual sales growth targets Jerónimo Martins said that it was expecting annual sales growt...

Portugal-based Jerónimo Martins has announced third quarter results saying that total sales had risen by 15.5% at Biedronka, 4.1% at Pingo Doce and 3.6% at Recheio, highlighting the broad base of growth for the retailer. Retailer ‘reinforced… leadership positions… in Poland and Portugal’ In the first nine months of the year, consolidated sales rose by 11.5% to €8.7 billion, aided by like-for-...

While Netto and Zabka underline the growing presence of the country’s largest retail chains, Biedronka plans to accept mobile payments from 2014. Netto opens 300th store Dansk Supermarked-owned Netto has opened its 300th store in Poland. The 750 sq m store, which was opened in Kwidzyn, saw the retailer break through the landmark number. The retailer’s chief executive, Per Bank, recently highl...