Spar Records Losses in Hungary

Business › n.a. ♦ Published: September 13, 2012; 19:18 ♦ (Vindobona)

The Austrian retail chain operates 400 branches in Hungary. The economic crisis caused substantial losses.

Spar Records Losses in Hungary / Picture: © Spar

For Spar Group, Hungary is the most problematic region. At the moment, Spar is the number two in Austria´s Eastern neighbor and operates 400 branches. Last year, turnover came at € 1.4bn. The retail chain entered Hungary in 1990 and could expand its branch network rapidly. Spar Group opens 35 new branches per year. In Austria, the market share amounts to 29.6%. In Austria, Spar´s…

or Log In

Fast News Search
Related News
Austria's Top 10 brands: Red Bull Extends its Lead (July 13, 2012)
Orban Defends Hungarian Economic Policy (June 13, 2012)
Rewe Suspected of Price Arrangements (February 28, 2012)
Significant Increase in Brand Value of Austrian Companies (July 6, 2011)
Read More
Spar, Hungary, Retail Industry, Earnings
Featured
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter