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Portugal's Sonae MC Boosted By New Store Openings

Published on Nov 14 2019 8:15 AM in Retail tagged: Featured Post / Sonae / Portugal / Continente / Sonae MC / Paywall

Portugal's Sonae MC Boosted By New Store Openings

Portugal's Sonae MC has said that it has been boosted by new store openings, as it posted positive results for the first nine months of the year.

The group, which operates the Continente banner, saw turnover rise by 9.5% to €3.43 billion in the first nine months of the year, which it said 'reinforced' its leadership position in Portugal.

Like-For-Like Sales

'This growth was underpinned by a strong like for like sales evolution in all segments, boosted mostly by increased volumes, as well as the continuous expansion effort,' the retailer said.

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