Jeronimo Martins: Poland's Macro Hangover

Jeronimo Martins, a Portuguese retailer, is facing challenges in Poland due to the country's economic slowdown and increased competition.

The company's sales in Poland, its largest market, grew by only 2.4% in the first half of the year, compared to 10.5% in the same period last year.

Jeronimo Martins' shares have fallen by about 20% this year, reflecting the broader market sentiment towards the Polish economy.