In 2023

Sales of Large-sized Commercial Units (LSCU) increased by 12.4% compared to the previous year, while employment grew by 5.5%

The Regional Directorate of Statistics of Madeira (DREM) has released information regarding the Large-sized Commercial Units (LSCU) for 2023, published today by Statistics Portugal (INE). The LSCU is an establishment, considered either individually or as part of a group belonging to the same company or corporate group, engaged in commercial activities and which has a noteworthy exhibition and sales area (see specific conditions in the "Em Foco" section).

In 2023, there were 89 Large-sized Commercial Units (LSCU) in the ARM (2 more than in 2022), with 66.3% dedicated to non-food retail and 33.7% focused on food retail or predominantly food-related. It is worth noting that a significant proportion of these establishments (80.6%) belong to companies headquartered in mainland Portugal.

In that year, the LSCUs in the ARM employed 3,121 workers (+5.5% compared to the previous year), 68.2% of whom were women, with 22.5% employed on a temporary basis. These units generated a turnover of 659.3 million euros in 2023 (+12.4% compared to 2022), of which 656.3 million euros corresponded to sales revenue.

The food retail sector, with 30 establishments, generated 454.6 million euros in sales (up from 396.1 million euros in 2022), while the 59 non-food retail establishments reported 201.7 million euros in sales (up from 187.8 million euros the previous year).

On average, each food retail establishment achieved annual sales of 15.2 million euros, while non-food retail establishments averaged around 3.4 million euros in sales.

Food retail units employed 2,069 workers (+3.0% compared to the previous year), 69.1% of whom were women, with 18.2% employed on a temporary basis. Non-food retail units employed 1,052 workers (+10.6% compared to the previous year), 66.6% of whom were women, with 30.9% employed temporarily.

In 2023, the exhibition and sales area in food retail reached 38.1 thousand per square meter, while non-food retail establishments accounted for 49.1 thousand square meter.

The number of transactions conducted at LSCU establishments reached 27.2 million. In food retail, the average transaction value was 20.6 euros (compared to 19.0 euros in 2022), while in non-food retail, it was 39.7 euros (up from 36.3 euros in 2022).

In food retail units, food products, beverages, and tobacco accounted for 82.0% of total sales (+1.3 percentage points compared to 2022). The main products sold in this class were "other food products n.e.c." (16.1%), "meat and meat-based products" (15.4%), and "fruits and vegetables" (12.3%). Among non-food products (18.0% of total sales), the most sold items were "cosmetics and personal hygiene" (7.5%), "other sales and products" (4.1%), and "household cleaning products" (3.4%).

In non-food retail establishments, the most significant sales were in "clothing and accessories" (27.6%), "household appliances" (13.4%), "computers and optical, photographic, and telecommunications equipment" (12.5%), and "furniture and decorative items" (9.9%).

In 2023, the sale of private label products amounted to 249.7 million euros in LSCU establishments (+15.9% compared to 2022), representing 36.1% of the food retail sales volume and 42.6% of the non-food retail sales volume (up from 34.4% and 42.3% respectively in 2022).

Regarding payment methods, debit and credit cards were used in 67.8% of food retail sales (up from 59.4% in 2022) and 73.8% of non-food retail sales (up from 68.3% in 2022). Cash payments represented 28.7% of food retail sales (down from 29.8% in 2022) and 22.6% of non-food retail sales (down from 23.0% in 2022).

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