Success in Ireland and Switzerland lifts Spar
The retailer warns that cigarette sales have not recovered since the ban on tobacco was lifted and it may have disrupted the market indefinitely
25 May 2021 - 13:12
Cigarette sales have not recovered since the ban on tobacco was lifted in August, and the four- and-half-month prohibition might have disrupted the market indefinitely, says retailer Spar.
The company released its half-year results to end-March, reporting a 30% increase operating profit due to success in retail stores in Ireland and Switzerland, even as growth in SA was flat...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.