Spar gets revenue boost as consumers go local due to Covid-19
The group says it benefited from changes in consumer behaviour, with customers opting for local stores to maximise safety
18 November 2020 - 09:44
Retail group Spar says it has benefited from a Covid-19-induced trend where consumers opt for local and convenience stores rather than crowded malls, with revenue jumping double digits in its year to end-September.
The group has also increased its final dividend by 8.1% to 865c, and in morning trade the group’s share had surged 7.88% to R195.43, putting it on track for its best day in eight months...
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