German grocery retail chain Spar has said its first-half results were hit by sluggish consumer spending and delays in the company’s restructuring programme.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Spar reported an operating loss of €64.5m (US$70.4m) for the first half of 2003, compared to a loss of €60.9m a year earlier.

Spar, owned by French group ITM, attributed the loss to its supermarket operations. The company also owns discount food store chain Netto in Germany and operates a wholesale division.

First-half sales fell 5.9% to €3.02bn, hit by lower sales at Spar’s wholesale division and supermarkets, due to the weak economy.

The company expects an improved performance in the second half as the company’s restructuring continues and the economy starts to recover, reported Agence France-Presse.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact