SPAR International has published sales for 2020 showing it had grown by 7.4% at constant currencies to €39.8 bn. Its performance was driven by its operations in Western Europe, where sales grew by 12% in the 2020 calendar year. SPAR presence continued to grow in 2020… Despite the challenging operating environment, SPAR continued to expand in existing markets and into new ones as well. At th...

South Africa-based Woolworths has reported a positive trading update for the 26-week period ending 27 December 2020, with its performance driven by its food operations. The retailer said group sales fell by 0.5% at constant currency terms but rose by 5.3% excluding exchange rate effects. Woolworths said the results showed the ‘ improved trading momentum across all businesses over the final six...

Walmart-owned, South Africa-based Massmart released a trading update for the 52-week period ending 27 December 2020, noting full year sales fell 7.7% to ZAR86.5 bn (US$5.9 bn). The retailer reported comparable sales contracted by 7.5% in the year, although it had seen an improvement in performance in Q4. Q4 sales contracted 4.1% The retailer said sales in its fourth quarter were down 4.1% o...