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    Supermarkets

     Pingo Doce sales skyrocket 21.5%
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    By Fernando Caetano
    In Companies, News, Supermarkets
    Posted 13 Janeiro, 2023

    Pingo Doce sales skyrocket 21.5%

    Portuguese food distribution company Jérónimo Martins that owns the Pingo Doce supermarket chain has enjoyed an increase in sales of 21.5% to €4.5Bn in 2021 – a like for like growth of [...]

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     Apolónia expands to Lisbon and Porto
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    By Fernando Caetano
    In News, Retail, Supermarkets
    Posted 11 Novembro, 2022

    Apolónia expands to Lisbon and Porto

    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 [...]

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     Jerónimo Martins profit €261M in H1
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    By Fernando Caetano
    In Companies, News, Supermarkets
    Posted 27 Julho, 2022

    Jerónimo Martins profit €261M in H1

    Portuguese food retail giant Jerónimo Martins which owns the Pingo Doce chain of supermarkets has reported €261 million in profits for H1. The grocers, that also has retail food business [...]

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     JM profits up 52.4% in Q1
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    By Fernando Caetano
    In Companies, News, Supermarkets
    Posted 29 Abril, 2022

    JM profits up 52.4% in Q1

    Jerónimo Martins, which owns Pingo Doce, registered a profit of €88 million in the first quarter of 2022. It represented a like-for-like increase of 52.4% according to a not sent to the stock [...]

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     60% of Sonae’s investment linked to sustainability goals
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    By Fernando Caetano
    In Companies, News, Shopping Centres, Supermarkets, Sustainable Development
    Posted 14 Março, 2022

    60% of Sonae’s investment linked to sustainabil...

    The Portuguese multinational property, supermarket and shopping centre development and management giant Sonae has already linked 60% of its investment finance to green goals. Both directly and [...]

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     JM’s second largest shareholder sells
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    By Fernando Caetano
    In News, Retail, Stocks and Shares, Supermarkets
    Posted 17 Novembro, 2021

    JM’s second largest shareholder sells

    Asteck, the second largest shareholder in the Portuguese food retailer Jerónimo Martins, which owns supermarkets Pingo Doce, has sold its 5% share in the company for €621 million.  It made €1.1Bn [...]

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     Blok and Gorillas open virtual supermarkets in Portugal
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    By Fernando Caetano
    In Catering and Hospitality, News, Retail, Supermarkets
    Posted 2 Junho, 2021

    Blok and Gorillas open virtual supermarkets in ...

    You’ve heard of Uber Eats and Glovo, the restaurant delivery service. Well, now the virtual supermarket concept has been launched onto the Portuguese market. Blok and Gorillas are the two new [...]

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     JM forecasts recovery in H2 of 2022
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    By Fernando Caetano
    In Companies, News, Supermarkets
    Posted 5 Março, 2021

    JM forecasts recovery in H2 of 2022

    The President of Portuguese supermarket giant Jerónimo Martins, Pedro Soares dos Santos, forecasts that Portugal’s economy will only get back on track in the second half of 2022. At a press [...]

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     Lidl invests €180 million in 2020
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    By Fernando Caetano
    In News, Retail, Supermarkets
    Posted 1 Março, 2021

    Lidl invests €180 million in 2020

    The German supermarket chain ended 2020 with a €180 million investment in its 261 stores in Portugal. With urban rehabilitation an integral part of its expansion and modernisation plan, the [...]

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