date:Sep 13, 2013
the continent's top grocer, plans to add 21 shops to its existing 17 in the country over the next three to four years. U.S. retail giant Wal-Mart is also planning to enter the market through its Massmart unit.
Sonae has 440 food retail stores in Portugal, where consumption has suffered under austerity imposed by the and international bailout. It has expanded its non-food shops selling electronics and clothing to 20 overseas markets.
We continue to believe that there are still opportunities in