Spar backs trading model despite falling profitability
As the business depends on a voluntary trading model, its structure is most favourable to retailers, CEO says
26 March 2024 - 11:13
UPDATED 26 March 2024 - 19:20
Wholesaler Spar has defended its trading model, even as stores face lower profitability and growing cost pressures from the recent minimum wage increase and sustained load-shedding.
In SA and Switzerland, Spar acts a wholesaler selling food and liquor products to independent retailers who also pay it royalty and marketing fees...
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