The local supermarket chain Spar has further expanded market leadership in Austria. For the first time, sales in Germany skipped the brand of 10 billion euros with an increase of around five percent. Krone+knows what the company is still introducing in the news this year and how tastes change.
“We have strengthened market leadership in Austria and are in the top 3 in all countries,” says Spar -Baas Hans K. Reisch. The competition is also very difficult in Austria, the pressure high. Nevertheless, the supermarket chain can claim itself that the market share is 36.9 percent, a few years ago Spar also caught up with the competitor Rewe. In the previous year the return even increased, the profit margin rose again to 1.7 percent.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
