Retail

The sports retail chain Decathlon closed 2023 with profits of €931 million, an increase of 0.8% on the €923 million posted for 2022. The sports articles retailer enjoyed a business turnover of [...]

The Portuguese are buying more sex toys with vibrators being the biggest sellers according to a study from KuantoKusta. Demand for sex toys and other “bedroom” products grew by around 27% between [...]

The Adeo Group, owner of the Leroy Merlin DIY and bricolage stores, has invested €40 million in a store for professional builders. The store, which will operate under the Obramat brand widely [...]

The CEO of Portuguese kitchen and household accessories chain Gato Preto (Living Spaces) Carolina Afonso has been distinguished by Forbes as one of the 50 most powerful Portuguese leaders in the [...]

A law introduced by the Portuguese Government to eliminate VAT on a typical shopping basket of essential goods comes into force tomorrow. (Tuesday, April 18) The law, confirmed in the Portuguese [...]

The international food distribution group DIA, which owns Minipreço in Portugal, managed to slash its losses by a half in 2022. Portugal represents only 8% of the group’s net food retail sales [...]

The CEO of Sonae, a Portuguese multi-sector multi-national company which operates one of the country’s largest supermarket groups Continente, has hit back as a tide of public resentment grows [...]

The Polish retail brand Pepco, which is similar in its product lines and quality to Primark, is to open in Portugal. The chain, which has 4,000 shops spread over 18 European countries, will open [...]

The flagship Zara store on Lisbon’s Rua August in the city’s downtown Baixa has been sold for €20 million — a record price tag for the shopping area. The building had been owned by the German [...]

The Algarve-based supermarket chain Apolónia is to expand to both Lisbon and Porto. Apolónia’s first outlet opened in 1983 as a 100-sqm mini-market in Vale d’Éguas, Almancil, which later [...]