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Spar Makes Great Money From Shoppers In Hungary, New Numbers Show

• 26 Mar 2021 11:48 AM

Spar revenues increased by 8.7% last year to Ft 739 billion, the Hungarian subsidiary of the Dutch retail chain said on Wednesday.

Spar highlighted that the increase is higher than the 3% average expansion in food sales in Hungary in 2020.

Average revenue per employee was almost Ft 53 million and average revenue per square metre of retail space was Ft 1.7 million.

Spar had 588 shops in Hungary at the end of December with a combined retail area of 432,000m2.

The number of employees grew by more than 500 to near 14,000.

Spar launched its online sales in 2019, which may now reach two million consumers.

Due to rising demand, the number of employees in this division was increased to 144 last year.


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