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

Portugal's Jerónimo Martins Sees Inflation Boost Profits

Portugal's second-largest retailer, Jerónimo Martins, has reported a 23% jump in fourth-quarter net profit as soaring inflation boosted sales - espe...

Portugal Rules Out Intervening To Curb Soaring Food Inflation

Portugal's economy minister has ruled out any government intervention to stem soaring food prices that are hitting households hard, seeing the market as th...

Portugal's Sonae Profit Buoyed By One-Off Gains Despite Retail Margin Squeeze

Sonae, owner of Portugal's largest food retailer, on Thursday reported a 21% jump in fourth-quarter net profit as one-off capital gains more than offset th...

Supermarkets Not To Blame For Inflation, Says Sonae CEO

The chief executive of Portuguese retailer Sonae, Cláudia Azevedo, has said that a "disinformation campaign" is painting supermarkets and...

Mercadona Reports 11% Sales Growth In Full-Year 2022

Spanish supermarket chain Mercadona reported a turnover of €31 billion, up 11% year-on-year on a like-for-like basis, in its financial year 2022.

Portugal's Finance Minister Says Cutting VAT On Food Not A Priority

Portugal has no intention of lowering the 6% value-added tax (VAT) levied on basic food products, but will continue to grant direct subsidies to help the m...