Spar warns of rising foods costs and ‘unprecedented’ consumer pressure
21 May 2020 - 08:10
Retail group Spar is bracing for “unprecedented” pressure on consumers as a result of the Covid-19 pandemic, with the virus already partially responsible for profits falling by more than a quarter in its half-year to end-March.
The pandemic has shuttered retail stores across the globe, while the group has also seen a prohibition of liquor sales in SA. Spar warned on Thursday it expected food prices to rise, and that management was actively focused on the group’s supply chains...
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