SPAR’s new CEO Angelo Swartz says the group’s planned exit from Poland will have many benefits. (Nick Wilson/News24)
SPAR’s planned withdrawal from Poland in September will free up about half a billion rand a year in pre-tax profits to help it double down on growing its market share locally and pay down debt.
As part of these efforts to increase market share, SA’s second-largest grocery group by footprint also says it has big plans to expand into top and lower-income markets with greater differentiation.
This will take the form of new stores, as well as seeing the group convert existing stores to serve both markets.
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