Portuguese retailer Jeronimo Martins is reported to be planning to shut its Pingo Doce online grocery store, effective 1 July, because of weaker-than-expected growth of the online retail market.

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Pingo Doce online was launched in 1998 and by September 2000 it had around 36,000 registered users, reported Diario Economico. The company had aimed for revenue of €5m (US$5.8m) from the online retailer for 2002.

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