Advertise with fastmoving.co.za
 
 

Along with the rise in liquor sales and a contribution by S Buys, Spar also benefited from the performance of its building material chain, Build It.
Along with the rise in liquor sales and a contribution by S Buys, Spar also benefited from the performance of its building material chain, Build It.

Booze, drugs and DIY boost Spar in difficult economy

RETAILER NEWS

By Larry Claasen - Feb 13th, 15:40

Robust liquor sales and the inclusion of the pharmaceutical distribution business it bought in 2018 year boosted grocery retailer Spar Group in the weeks leading up to Christmas. 

Spar said that total sales increased by 8.2% to R36.5bn for the 17 weeks to end-January 27. This growth was in part, driven by a 19% surge in liquor sales and the contribution of pharmaceutical distributor S. Buys for the first time.

Though it said the 7.6% rise in sales for its South African operation “reflected weak consumer spend,” its performance was comparatively stronger than its rival Shoprite, which saw sales for its local operations rise 3.18% for the quarter to end-December.

Along with the rise in liquor sales and the contribution coming from S Buys, Spar also benefited from the performance of its building material chain, Build It, which increased sales 10.3%.

Spar’s Irish chain increased turnover 8.4% when measured in euros. This operation’s growth was driven in part by the acquisitions of 4 Aces Wholesale and Corrib Foods businesses, which were bought in 2018.

Its operations in Switzerland did not fare as well, with difficult local conditions seeing sales fall 1.5% when measured in Swiss Francs. Spar said that aside from difficult trading conditions, its results were also affected by the disposal of some of its corporate-owned stores.

The group said its results for the half-year to end-March would be released on or about May 15.
Business Live 

Read more about: turnover | spar | sales | retailer | retail | growth | business

Related News

Ackermans launches ‘Moms4Moms’ educational platform to give mothers a helping hand
16/09/2019 - 14:03
According to a 2017 Statistic South Africa report, 61% of South African children are raised by only their mothers. This reveals that the majority of South African women have to navigate single-parenthood, as well as being the sole provider for their families.

Rhodes Food Group's turnover rises amid healthy international growth
16/09/2019 - 11:14
The international turnover of Rhodes Food Group, which makes Bull Brand corned meat and Bisto gravies, rose 13.4% in the 10 months to end-July, boosted by a weaker rand and exports of fruit snacks to the US.

The changing UX and CX landscape
13/09/2019 - 16:16
An exceptional customer experience (CX) builds a foundation of loyalty and trust. Similarly, a positive user experience (UX) encourages brand connections with people wanting to come back for more. And yet, local organisations must learn to embrace these more effectively to differentiate themselves from their competitors.

The role of the stokvel in the organisation
13/09/2019 - 10:14
South Africans are well-known for their participation in stokvel saving schemes where members contribute a fixed monthly amount that is paid out to a specific member on a specified date. Nicol Myburgh, Head of the HR Business Unit at CRS Technologies, says employers can integrate these payments into existing processes to make it safer and more convenient for those members.

Improving your restaurant's ambience with these 5 tips
13/09/2019 - 09:44
Owning a restaurant is much more than ensuring that your guests are well-fed. It is about the experience you offer your customers. For instance, have you ever been to a restaurant where everything is just right? And by everything, we mean the decor, lighting, food, and music. This is the first impression you should aim to achieve as a restaurant owner.