Home Business and Technology Spar reports increase in group sales

Spar reports increase in group sales

Retail giant Spar

Retail giant Spar has emerged as one of the more resilient retailers in the current tough environment.

The retailer says there’s been a 12-and-a half percent increase in group sales for the year to end-August. That’s thanks in part to a strong performance of its Swiss stores.

In Southern Africa, sales grew by less than 5 percent, with alcohol sales down by more than 16 percent.

Spar

Turnover only grew by 1 percent during the lockdown.

Spar’s Switzerland operations saw revenue climb at an impressive 11 percent.

The retailer has also flagged price increases in a range of grocery and perishable items.

In other news – Prophet Shepherd Bushiri facing r@pe charges again

Prophet Shepherd Bushiri facing r@pe charges again. Police have confirmed they’re investigating the multi-millionaire leader of the Enlightened Christian Gathering church for the alleged r@pe of two women. Learn more

Source: eNCA