SPAR, EUROSPAR To Invest €65m To Expand Network In Ireland

By: Trademagazin editor Date: 2023. 03. 15. 09:01

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SPAR and EUROSPAR plan to add 60 new stores to their combined network in Ireland by 2025, taking the total number of stores across the country to 525.

The project will see an investment of €65 million from BWG Foods, as well as independent SPAR and EUROSPAR retailers.

Retail sales exceeded €1.6 billion (up 4.5% year-on-year) in 2022 across the combined network of SPAR and EUROSPAR.

In 2023, SPAR and EUROSPAR hope to achieve sales of €1.67 billion due to increased consumer spending and income from new stores opening in that period.

BWG Foods has identified several potential greenfield and brownfield sites for the new stores and will be focusing on the emergence of new communities in the vicinity of Ireland’s major cities as new housing developments come up.

The new stores will create over 1,100 new jobs, the retailer noted.

SPAR and EUROSPAR also plan to upgrade more than 100 existing stores across Ireland. The renovation plan includes the rollout of a new store design for the EUROSPAR supermarket format featuring a number of carbon-reduction measures. These include refrigeration technologies, solar panel installations and recycled fixings.

ESM