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CommentWire
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The Portuguese grocer Modelo Continente, leading its domestic market ahead of former Ahold subsidiary Jeronimo Martins, has delivered strong growth in 2006, driven by its remodeled hypermarket operation and dynamic sales in its non-food operations. If the current investment program is adhered to, the future outlook for the retailer is positive.
Published By Datamonitor
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15 Mar 2007 |
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CommentWire
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Just two weeks after acquiring Tengelmann's hard discount operation in Spain, Carrefour is making further amendments to its store estate by divesting its hypermarket operations in Portugal. However, Carrefour will retain its hard discounter Minipreco in the country. This is a sound move, as Carrefour's hypermarkets have seen falling sales densities across the EU for a number of years.
Published By Datamonitor
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30 Jul 2007 |
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Expert View
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Manufacturers are developing ever more innovative ways to encourage consumers to eat healthily, as demonstrated by a scan of recent product launches featuring on the Productscan database. These include an egg which is designed to aid eye health and an olive oil which is said to have cholesterol-lowering properties. Maintaining a healthy diet could therefore become an easier affair in the future.
Published By Datamonitor
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27 Sep 2007 |
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CommentWire
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Portugal's second largest retailer, Jeronimo Martins, has unveiled outstanding growth in both sales and profits for the first quarter of 2008. The group's turnover was boosted by a particularly buoyant performance from its Polish discount chain Biedronka. A strong start to the year puts the retailer in a good position ahead of the integration of the Plus chain.
Published By Datamonitor
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01 May 2008 |
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Expert View
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Sonae, the giant Portuguese conglomerate, is set to enter the beleaguered Spanish electricals market with its Wortem chain, after acquiring the Spanish arm of French electricals specialist Boulanger. However, a challenging macroeconomic environment and feisty competitors will make its quest to become a prominent market player far from smooth sailing.
Published By Datamonitor
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27 Aug 2008 |
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Expert View
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The natural sweetener stevia has gained much attention in recent weeks after the US Food and Drug Administration approved the sweetener for use in foodstuffs. Following the approval, a number of manufacturers have introduced new stevia products, including Coca Cola and PepsiCo. As a result, the product can be expected to gain further exposure in 2009.
Published By Datamonitor
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20 Jan 2009 |
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CommentWire
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Portuguese retailer Jeronimo Martins has reported strong sales and profit growth for the first half of 2009, boosted by last year's acquisition of Plus discount stores in Portugal and Poland. In spite of the economic downturn, the retailer is somewhat optimistic about the second half as sales at its supermarkets and discount stores remain resilient.
Published By Datamonitor
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27 Jul 2009 |
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Expert View
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This month's roundup of new food launches finds an eclectic selection of products, such as an energizing sports gel, a plant-based pasta package, and a chocolate powder inhaler that is designed to suppress the appetite. These show that the differing needs of consumer groups are being well catered for.
Published By Datamonitor
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27 Aug 2009 |
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CommentWire
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In line with the company's international card portfolio growth strategy, Barclays plans to buy Citigroup's Portuguese credit card business. Despite market difficulties due to consumer attitudes to credit, the acquisition is a step in the right direction for achieving company growth aspirations.
Published By Datamonitor
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07 Oct 2009 |
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Expert View
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This month's roundup of new drinks products finds the US launch of an untreated bottled spring water that is hoping to be the next big thing based on its pure and natural credentials. Claiming to be free from chemicals and nutrient rich, it is certainly a novel entry in the bottled water market.
Published By Datamonitor
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23 Nov 2009 |
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