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South Africa’s SPAR sales proliferated across its international (Irish, polish and Swiss) operations

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SPAR Group, South Africa’s largest retailer, has experienced an increase of 5.8% in sales across its international chains, including the Irish BWG Foods (6.9%), Switzerland-based stores (1.9%), and Polish stores (11.8%).  The reliable and resilient strategies enabled the retailer to hit a €2.67 billion valuation. Due to the increased demand and sales of liquor, South Africa’s SPAR enjoyed a wholesale growth of 8.2%. While at the Switzerland-based operations, the turnover rate increased up to 15.9%.

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ConsumerGeniuses

Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

ConsumerGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. For each of these key industries, we support Tech Startups and Industry Disruptors as they roll out next generation digital initiatives.

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