SPAR regarding the Kisújszállás store closure: there is no talk of a nationwide wave of store closures
On August 24, Spar’s store in Kisújszállás will open its doors for the last time – the company confirmed, stating that following this year’s profitability review, it has decided the unit cannot be operated profitably in the long term.
Speaking to Pénzcentrum, Márk Maczelka, Spar’s head of communications, emphasized that the closure is an individual decision, not part of a nationwide wave of store closures. He noted that the company has already opened several new stores this year and will continue its investment program in Hungary in the coming years.
“Closing a store is not unusual in either the domestic or international retail sectors. The company reviews the profitability of its stores every year and, if necessary, makes the appropriate business decision.”
– said Márk Maczelka.
He added:
“It is important to note that there has hardly been a year when we have not closed a store, but at the same time, we have always opened new ones – usually more than we have closed.”
Spar therefore intends to continue expanding in Hungary, while in certain cases making closure decisions based on economic considerations.
Related news
SPAR closes in Kisújszállás
SPAR in Kisújszállás will close permanently on August 24, Mayor…
Read more >Three SPAR stores across the country were renovated with a development worth nearly 2.3 billion forints
Despite the challenging economic environment, SPAR Hungary continues its investments,…
Read more >Belgium Allows Seven Day Store Opening
The Belgian government has decided to eliminate the mandatory weekly…
Read more >Related news
Fidelity survey: Investors defy general uncertainty
With the restructuring of global systems, investors must navigate an…
Read more >End of the century: drought drove up food prices in July
In July, annual inflation slowed to 4.3 percent, while on…
Read more >Counterfeit food and beverages cause billions in damage in Hungary every year
In Hungary alone, food and drink counterfeiting causes nearly 16…
Read more >