French hypermarket chain Intermarché will invest €200 million to open 63 new stores in Portugal by 2020 as well as 90 fuel stations.
The goal of the investment is to increase market share to 13.5 per cent, from the current 9.9 per cent. This year alone, Intermarché will open ten new stores.
During the presentation of its 2015 results, the chain, owned by French retailing group Les Mousquetaires, said it ended the year with 241 stores and sales of €1.9 billion, stable compared to 2014.
Recently, Intermarché relaunched its online store and expanded its Drive service to Lourinhã, Peniche, Paredes and Arruda dos Vinhos.
Intermarché will also boost its relationship with Portuguese producers, responsible for fresh products marketed under the “Programa Origens” brand. In total, 170 producers supply the stores with over 230 products.20
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
