Portugal's Sonae MC Sees Like-For-Like Turnover Up In First Quarter
Portuguese retail group Sonae MC, which operates the Continente hypermarket chain, has seen its turnover increase by 5.3% in like-for-like terms in the first quarter of the year, to €940 million.
The group said that its performance reflects the ‘ongoing effort’ made by Continente to improve its value proposition and the quality of its fresh offering.
At the same time, Sonae MC continued to expand its Continente Bom Dia convenience store network, which opened its 100th store in April, while the group’s online sales also rose by 15% in the period.
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