date:May 20, 2016
sales of 2bn in Portugal
Intermarch has said that it generated sales of about 2bn in Portugal in 2015, including fuel, broadly mirroring the figure it made in 2014. The retailer said that the flat sales sat against the backdrop of weak economic growth and a highly competitive marketplace, which is highly promotional. At the same time as revealing its sales, Intermarch confirmed its expansion strategy, focused on growing its presence in the country, from 241 at the end of 2015, by investing 200m