Retail - Portugal

Jerónimo Martins Sees H1 Profit Rise 36%, Inflation Dents Margins

Portuguese retailer Jerónimo Martins reported a 36% increase in first-half net profit as high inflation boosted sales, especially in Poland where it...

Continente’s Ondina Afonso On How Producers Can Embrace Sustainability

ESM met Ondina Afonso, the president of the Continente Producers Club, to discuss the group's recent ESG efforts.

Lidl Portugal Accounts For 1.9% Of Country's EU Food Exports

Food exports from Lidl Portugal accounted for 1.9% of the country's total food exports to the European Union in 2022, according to the latest data from a s...

Covirán Reports 8.6% Sales Growth In 2022

Spanish cooperative Covirán has reported gross sales of €1.78 billion in its 2022 financial year, registering an annual increase of 8.6%.

El Corte Inglés Reports 'Highest Ever' Profit In Portugal

Spanish retailer El Corte Inglés closed 2022 with a turnover of €584 million from its Portuguese operations, representing an increase of 20.2%...

Portugal's Food VAT Cut Is Working As Retailers Not Taking Advantage, PM Says

The temporary removal of value-added tax on essential food products was working to curb prices, while retailers were not taking advantage of the measure to...

MC Sonae Reports 13% Revenue Growth In First Quarter

Portuguese food retailer MC Sonae said that turnover in the first quarter of its financial year totalled €1.5 billion, up 13.5% year-on-year and 11.8%...

Discounter Pepco Expands European Roll-Out Into Portugal

Discount retailer Pepco Group will open its first shop in Portugal on Wednesday, launching in its twentieth European territory as one of the sector's bigge...