Get the app today! Download iPhone App Download Android App

Sonae Optimistic About Food Retail Growth In Portugal

Published on Jun 6 2018 9:58 AM in Retail tagged: Featured Post / Spain / Sonae / Portugal / Continente / climate change / Paywall

Sonae Optimistic About Food Retail Growth In Portugal

Portugal's biggest retailer, Sonae, expects the domestic market to grow at one of the fastest rates in Europe until 2022 and plans to open more local supermarkets and boost its online sales to tap this growth.

Sonae, which runs 173 Continente hypermarkets and large supermarkets, Worten consumer electronics stores and Sportzone stores, said in a presentation that Portugal's grocery retail sales were forecast to grow 2.9 percent on average a year to 2022.

This is set to outstrip sales growth of 2.2 percent in Europe as a whole.

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email