The shoe retailer, Eureka Shoes are to close all of their stores in Portugal. According to the company’s official website, it has stated that it is ‘disconnecting’ from the Portuguese retail market by closing all of its physical retail locations.

“It was a decision taken by the board to entirely shut down the remaining stores in the group since it doesn’t have the financial capacity based on the company’s current model to meet retail needs and in financial terms,” the company’s founder Alberto Sousa told ECO via his lawyer.