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Thresher Closures Boost Spar wine sales

Thresher Closures Boost Spar wine sales

The collapse of First Quench has seen a 6% rise in alcohol sales at convenience chain Spar, according to the group's managing director Jerry Marwood. The results are part of a 10.39% rise in overall sales since December 14. The group is also now benefiting from the Big Freeze hitting the UK as shoppers turn to their local stores for food and drink supplies. But it was closure of so many specialist high street off licence stores that really helped boost Spar's festive performance. Marwood said: "The closure of some high street chains, such as Threshers, has also had a beneficial impact on our volumes. Since their closure our alcohol sales have increased by 6%. Our recent review of the SPAR brand wine range and the launch of some great exclusive brands in late autumn have certainly positioned us well to make the most of things." In terms of the overall performance Marwood added: "We have worked very hard to try and keep stores vibrant, fresh and innovative, as well as offering great promotions and discounts on key products." He continued "We were very pleased by the 6.48% like-for-like sales increase in our first seven trading months of the year (May-November), but results over the last few weeks have pushed us further ahead - which is very encouraging. [...more]

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First Quench to close Stores?

First Quench to close Stores?

Threshers and Wine Rack off-licence chains is in talks with its landlords that could lead to hundreds of store closures. [...more]

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Thursday, November 23, 8:35 pm

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