SPAR, EUROSPAR To Invest €65m To Expand Network In Ireland
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.
Related news
In 2023, SPAR realized a turnover of over HUF 1 billion
SPAR Hungary achieved a turnover of HUF 1,023.2 billion in…
Read more >Treasures of Regions – domestic delicacies on the shelves of SPAR
SPAR Hungary helps domestic small producers to enter the market…
Read more >SPAR Netherlands extends cooperation with EG Group
SPAR Netherlands is extending its partnership with EG Group (Euro…
Read more >Related news
In 2023, SPAR realized a turnover of over HUF 1 billion
SPAR Hungary achieved a turnover of HUF 1,023.2 billion in…
Read more >KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier
In February 2024, the gross average earnings of those employed…
Read more >Primark’s first domestic store will open in a month
Primark will open its doors at 10 a.m. on May…
Read more >