Sales at Spar’s Tops stores skyrocket 19.3% despite the weak economy

People drink when they’re sad and when they’re happy…

Graham O'Connor, CEO - Spar Group

Spar Group revenues rose by 8.6% (to R54.3 billion) in the half-year to 31 March 2019.

Headline earnings per share fell by 3.4%.

Sales at Spar Group’s Tops liquor stores surged by 19.3%.

The company is wrapping up negotiations to buy a controlling stake in Polish deli and supermarket chain Piotr i Pawel.

Piotr i Pawel has 77 stores in Poland, a country with rapid economic growth and an all-time low unemployment rate.

The Money Show’s Bruce Whitfield interviewed Graham O'Connor, CEO at Spar Group.

Listen to the interview in the audio below (and scroll down for more quotes from it).

Many things are going really well there [Switzerland] other than the profits… In Ireland, we’re the kings of convenience…

Graham O'Connor, CEO - Spar Group

One of our weaknesses at Spar has always been our price perception… it’s improved…

Graham O'Connor, CEO - Spar Group

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Sales at Spar’s Tops stores skyrocket 19.3% despite the weak economy


Recommended

by NEWSROOM AI
Read More
[LISTEN] 10X  defends its cheeky investment ad

[LISTEN] 10X defends its cheeky investment ad

The Advertising Regulatory Board (ARB) has ordered the investment group to withdraw an ad that "disparages" its competitors.

Tourism Business Council working with ministry to tackle tourist safety

Tourism Business Council working with ministry to tackle tourist safety

CEO at the Tourism Business Council of SA Tshifhiwa Tshivhengwa says they are looking to find a lasting solution.

'We're not immune to challenges in the economy so we also salvage from our side'

'We're not immune to challenges in the economy so we also salvage from our side'

CEO at Curro Holdings Andries Greyling explains how the company has manged to sustain good growth.

[LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape

[LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape

The former deputy finance minister details some of the contents of his book 'After Dawn: Hope after state capture'.

Doomsday weapons, a deterrent or a real threat?

Doomsday weapons, a deterrent or a real threat?

The World is both safer and more dangerous than it has ever been and these weapons could end human life on the planet.

Alcohol and other drugs bring home the bacon for Spar

Alcohol and other drugs bring home the bacon for Spar

The Money Show’s Bruce Whitfield interviews Spar Group CEO Graham O'Connor.

Popular articles
Impact of new debt-relief bill will be 'severe'

Impact of new debt-relief bill will be 'severe'

The National Credit Amendment Bill aims to help indebted consumers earning less that R7,500 per month, restructure their debt.

Ramaphosa seems to be clueless now - Sikonathi Mantshantsha

Ramaphosa seems to be clueless now - Sikonathi Mantshantsha

Daily Maverick's Mantshantsha says the country has been waiting a long time for the economy to be turned around.

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.

Clamp down on unregistered 'security guards' near Woodstock's Old Biscuit Mill

Clamp down on unregistered 'security guards' near Woodstock's Old Biscuit Mill

Joint law enforcement operation after visitors in Cape Town complained of being coerced into paying R50 to park on the street.

[WATCH] 'I'm not trying to justify what she did,' Zephany Nurse in her own words

[WATCH] 'I'm not trying to justify what she did,' Zephany Nurse in her own words

Stolen from her mother's bedside as a newborn 22 years ago, Zephany or Miché Solomon as she is now known, tells her story.

Tributes pour in for 'approachable but private' design icon Carrol Boyes

Tributes pour in for 'approachable but private' design icon Carrol Boyes

The designer and businesswoman passed away on Wednesday night following a brief illness, her company confirmed.

[WATCH] Woman stealing back her stolen car has social media talking

[WATCH] Woman stealing back her stolen car has social media talking

Khabazela shares tweets and Facebook posts that have gone viral.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.