BWG Group, the operator of the SPAR brand in Ireland and the southwest of England, has delivered another strong trading performance.
Half-year results (to 31 March) from SPAR Group, its parent company based in South Africa, show turnover at BWG increased by 8.8% in Euro terms. This was despite both its markets experiencing “continued challenges brought on by consumers dealing with higher costs of living, driven by ongoing food price inflation, higher interest rates and energy costs.”
In Ireland, all of BWG’s retail brands, which also include MACE and Londis, were said to have performed “strongly”. Meanwhile, its foodservice business was boosted by the recovery of the hospitality sector following the end of Covid restrictions.
In the UK, its Appleby Westward retail division benefitted from the acquisition of stores during the period, and the wholesale business reported “solid growth”.
Back in March, BWG announced plans to add 60 new SPAR and EUROSPAR stores to its network in Ireland by 2025 as part of €65m investment. The expansion will bring the total number of stores operating under the two banners to 525.
