Food Boosts Growth Of Portuguese Retail Sector
The Portuguese retail sector (food and non-food) grew by 3% in 2016 over the previous year, reaching €19.52 billion in sales volume.
According to the sales report of the Portuguese Association of Distribution Companies (APED), the biggest contribution to this growth came from food retail, which saw a 3.6% increase in sales volume.
The 'Perishables' and 'Frozen' categories stood out with growth rates of 7.9% and 5%, respectively. 'Dairy' also had a positive performance (+0.1%), after several months of decline.
Non-food retail also recorded a 2.1% increase in sales volume.
The report also indicates a growth in sales of items on promotion, from 41.9% in 2015 to 44.8% in 2016.
APED's data also show a decline in the market share of private label brands, down by 0.5%.
There was an increase of 0.5% and 0.2% for overall sales in discount stores and hypermarkets, respectively.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine