Spar spends more than HUF 1 bln on store upgrades
ricochet64 / Shutterstock.com
Spar has spent more than HUF 1 billion on upgrades of stores in Nagykanizsa (194 km southwest of the capital) and Gyál, on the outskirts of Budapest, the supermarket chain said on Thursday.
Spar plowed HUF 780 million into the store in Nagykanizsa and HUF 269 mln into the one in Gyál for the projects which lasted 2-3 months.
There are 588 Spar stores in Hungary. Last year, Spar Magyarország had revenue of HUF 738.9 bln. CAPEX reached HUF 28.7 bln.
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.