SPAR plans new openings
Despite speculations that grocery chain SPAR would close units due to the recently approved legislation restricting retailers from opening on Sundays, SPAR is planning to open three supermarkets and three units operating gas stations this year, Hungarian online daily Origo reported today.
The first unit is scheduled to open on January 22. SPAR has supported family-run retailers for the past few years and is committed to continuing this work, Origo said. The daily added that the chain has reported losses for the past couple of years, and is expected to face a 20-fold growth in its supervisory fees due to the recently approved legislation.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.