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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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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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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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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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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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