Spar, Eurospar, Mace, Londis and XL 'performing strongly' despite cost-of-living crisis

Spar Group update showed its BWG operations in the Republic were outperforming by a far stretch the growth rates of many of its other retail operations, including in Switzerland and Poland

BWG currently operates more than 1,000 outlets across all the businesses it operates in the Republic.

The South African company that owns the 1,000-plus grocery outlets under the Spar, Eurospar, Mace, Londis, and XL names said sales in the Republic have been growing strongly in recent months, despite the cost-of-living crisis.

In an update, the Spar Group, which is based in South Africa and whose shares trade on the Johannesburg stock exchange, said sales at the BWG division, which includes its retail and wholesale operations here, and at Spar-owner Appleby Westward in the south-west England, had posted an increase in turnover of 8.8% in euro terms or, by over 15% in terms of rand, in the six months to the end of March.