Store market

Spar sales rise as it ‘leads the convenience store market’

Last May, Spar announced it would invest £125million in stores
// Spar sales increase at Christmas
// Sales were up 2.3% year on year in December and 13.3% from two years ago

Spar reported a rise over Christmas as it “continues to dominate the convenience and symbol market.”

The retailer said sales rose 2.3% year-on-year in December and 13.3% two years ago.

Fresh produce sales were up 7.1% year-on-year, while other top performing categories included medicines (+47%) and baby products (+25%).

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“Our Christmas trading results confirm that Spar continues to lead the convenience and symbol market,” said Louise Hoste, Managing Director of Spar UK.

“According to Nielsen Scan Track data, this shows that in the four weeks to January 1, the convenience store market was up 2.1% and symbols as a whole were down 2.5%. Year over year, our sales increased by 2.3%. »

Hoste added that the busiest days for the group during the four-week period were Christmas Eve and New Year’s Eve, both in terms of cash sales and number of transactions.

Last May, Spar announced it would invest £125million in stores and improve its supply chain and IT capabilities to support retailers.

Investments have been made in the development of stores across the UK.

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