Spar eyes own-brand labels to lift margins (opens original article in a new tab)

Spar is prioritizing its private-label business to boost margins and profitability, aiming to increase private-label sales from 22% to 30% through product innovation and supply chain improvements. The company is also restructuring operations and divesting non-core businesses to focus on core markets.

• Spar is focusing on private-label products to improve margins and profitability
• Spar aims to increase private-label sales from 22% to 30% through product innovation and supply chain efficiency
• Spar is restructuring its operations and divesting non-core businesses to focus on core markets