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Spur Corporation half-year sales decline by 29.5%
By Sandile Mchunu
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DURBAN - SPUR Corporation has continued to be negatively impacted by Covid-19 and trading restrictions as its sales for the six months to end December slumped by 29.5 percent, with John Dory s Fish Grill Sushi declining the most by 40.1 percent. RocoMammas reported the lowest decline in sales of 15.3 percent.
In the sales update released on Friday, the restaurant franchisor said that as expected these restrictions, combined with decreased consumer disposable income, were the main contributors to total franchised restaurant sales declining by 29.5% to R2.9 billion compared to R4.1bn reported a year earlier.
Nettalie Viljoen @nettalieviljoen Share The Golden Spur located in Ashley Cooper House on the corner of Main Road and Dean Street now stands empty.
Theresa Smith
The closure of the Golden Spur Steak Ranch, the very first of the restaurant franchise group which has grown to include more than 600 outlets, has been met with sadness by the Newlands community.
For 53 years, the Golden Spur was an integral part of the community’s social fabric but now the premises, located in Ashley Cooper House on the corner of Main Road and Dean Street, stands empty with the familiar Spur signage removed.