Retail - Portugal

Jerónimo Martins Sees Profit Up Nearly 60% In Q1 2023

Portuguese retail group Jerónimo Martins posted net profit of €140 million in Q1 2023, an increase of 59.1% compared to the same period last ye...

Portugal's Finance Minister Anticipates Significant Inflation Drop In April

Portugal's inflation is expected to decelerate significantly this month, with prices of final products benefiting from lower energy and commodity prices, f...

Sonae Teams Up With Bankinter To Create Portuguese Consumer Credit Operator

Sonae and Bankinter Consumer Finance have formalised a partnership to create a consumer credit operator in Portugal.

Lidl Invests €110m In Fifth Logistics Facility In Portugal

Lidl Portugal is to invest around €110 million in a new warehouse in Loures, in the Lisbon district, which should be completed by the second quarter o...

Three Bidders Line Up For Minipreço Stores In Portugal

Retailers Sonae, Lidl and Aldi could be among bidders interested in purchasing 463 Minipreço supermarkets in Portugal. The chain is owned by Spain&r...

Spanish Retailer Mercadona Opens Brussels Office

Spanish supermarket chain Mercadona has opened an office in Brussels, as it seeks to gain more visibility in Europe, according to Spanish daily El Economis...

Jerónimo Martins Urges Portugal To Cut VAT On Food, Eyes Slovak Market

Portugal's second-largest retailer Jeronimo Martins urged the government on Thursday to cut the value added tax on basic food products and promised to redu...

Lidl Leads Portuguese Retail Growth In 2022

Retailers Sonae and Jerónimo Martins ended 2022 as the biggest players in Portgual's grocery sector, although Lidl saw the highest growth, new data...