The general director of Spar in the Czech Republic, Martin Hruska, has stepped down amid concerns over the Austrian retailer’s performance in the market.
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Spar spokesperson Jan Vávra told just-food Hruska’s responsibilities would, for the time being, be split between two of the group’s top managers – Johannes Holzleitner and Christian Koller.
In 2007, Spar saw sales in the market rise to almost CZK12bn (US$61.6m). However, the group posted an operating loss of CZK412m.
“This is because we have invested substantial sums of money into construction of new stores,” Vávra told just-food.
According to local daily Hospodárské Noviny, Spar has continued to lose money in the Czech Republic this year. The company declined to comment on whether it was expecting a loss in the current fiscal year.
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By GlobalDataThe retail chain operates 27 Interspar hypermarkets and four Spar supermarkets in the Czech Republic.
