Spar says SA cigarette sales have not recovered since ban - News Summed Up

Spar says SA cigarette sales have not recovered since ban


This is thanks to strong sales in Switzerland and Ireland, with only 3% turnover growth from Southern Africa, which is dominated by South Africa. Grocery sales grew by only 0.8%, and renewed alcohol bans cost its TOPS at Spar unit 72 trading days. Spar says cigarette sales have not seen "any meaningful recovery" since previous sales bans were lifted. Spar Switzerland reported an increase in turnover of 22% in rand (11% in Swiss francs). Spar Poland reported turnover growth of 32% (27% in Polish zloty), despite the closure of its stores in malls due to a local lockdown.


Source: News 24 May 25, 2021 06:11 UTC



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