Spar Records Losses in Hungary
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…
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