Spar sales rise as it “leads convenience store market”

Spar
Last May, Spar announced it would invest £125 million into stores
// Spar sales rise during Christmas
// Sales increased by 2.3% year on year in December and 13.3% on two years ago

Spar has reported a rise in Christmas as it “continues to lead the convenience store and symbol market”.

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

Fresh sales were up by 7.1% compared with the previous year, while other high-performing categories included medicines (up 47%) and baby products (up 25%).


READ MORE: Cyber attack hits over 300 Spar shops forcing many to close


“Our Christmas trading results are confirmation of how Spar continues to lead the convenience store and symbol market,” Spar UK managing director, Louise Hoste said.

“According to Nielsen Scan Track data, it shows that in the four weeks to 1 January, the c-store market was up 2.1% and symbols as a whole were down 2.5%. Our year-on-year sales grew by 2.3%.”

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

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

Investment has been made in store developments all over the UK.

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