Portugal: latest retail news, insights and analysis | ESM Magazine

El Corte Inglés Reports 'Highest Ever' Profit In Portugal

Spanish retailer El Corte Inglés closed 2022 with a turnover of €584 million from its Portuguese operations, representing an increase of 20.2%...

Portugal's Food VAT Cut Is Working As Retailers Not Taking Advantage, PM Says

The temporary removal of value-added tax on essential food products was working to curb prices, while retailers were not taking advantage of the measure to...

MC Sonae Reports 13% Revenue Growth In First Quarter

Portuguese food retailer MC Sonae said that turnover in the first quarter of its financial year totalled €1.5 billion, up 13.5% year-on-year and 11.8%...

Discounter Pepco Expands European Roll-Out Into Portugal

Discount retailer Pepco Group will open its first shop in Portugal on Wednesday, launching in its twentieth European territory as one of the sector's bigge...

10 European Campaigns To Promote Responsible Drinking

ESM examines ten of the most notable campaigns to promote responsible drinking that were rolled out over the past year.

DIA Sales Increase 3.2% In Q1 2023, Spain Drives Results

Spanish retail group DIA has reported sales of €1.78 billion in the first quarter of its financial year, up 10% from the same period in 2022.

BPI Secures €100m Sustainable Loan For Continente

Portuguese bank BPI has provided a sustainable loan of €100 million to Portuguese supermarket chain Modelo Continente, owned by MC, the food retail un...