Portuguese retailer Jeronimo Martins has insisted it has yet to decide whether to merge its domestic banners Feira Nova and Pingo Doce.
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Reports in Portugal said the company had been to integrate the marketing, sales and finance functions at the two stores – a move that was claimed would pave the way convert a number of Feira Nova outlets into Pingo Doce stores.
However, a spokesman for Jeronimo Martins said the company was still mulling whether to press ahead with the project.
“This project is still under evaluation and analysis; there has been no final decision,” the spokesman told just-food.
The company’s domestic business had a mixed 2007. Like-for-like sales at Pingo Doce rose 8.7%. Sales from the company’s Feira Nova stores inched up 0.7%.
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By GlobalDataThe Pingo Doce stores helped a drive a 21.3% jump in group turnover to EUR5.3bn (US$7.7bn) at Jeronimo Martins, which also has stores in Poland.
