AF Blakemore, the family-owned business operating Spar convenience stores and serving retail, foodservice and wholesale customers, has just announced its results for the 2023/24 financial year.
Chairman, Peter Blakemore, announced: “Despite sales declining slightly from £1.24bn to £1.18bn, I’m pleased to present the results, showing positive actions on high margin categories.”
The company said sales momentum came from an ongoing investment in customers that delivered innovation including vape, Prime and MrBeast, alongside food to go ranges including Country Bridge Meats, Harriet’s Bakery and Philpotts.
Significant investments in technology across the company-owned Spar estate have driven efficiency, and while the second half of the year was more difficult with increased competition, poor weather and reducing inflation, footfall remained positive and productivity initiatives delivered improved margins, it said.
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