Bloomberg News

Portugal First-Quarter Retail Sales Drop 3.7%, Association Says

June 26, 2012

Portuguese retail sales fell 3.7 percent in the first quarter from a year earlier, the Portuguese Association of Distribution Companies said.

Sales declined to 4.55 billion euros ($5.7 billion) in the first three months of the year from 4.73 billion euros, APED, which represents retailers in Portugal such as Jeronimo Martins SGPS SA (JMT)’s Pingo Doce unit and Sonae (SON) SGPS SA’s Continente supermarkets, said in an e-mailed statement today.

For Related News and Information: Top Stories: TOP News on retail earnings: TNI RET ERN On Portugal’s economy: TNI PORTUG ECO European crisis monitor: CRIS

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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