Spar has reported a 3.8% net sales increase for the year to December 31, 2012 to CHF1.04bn (£705.4m).

Net sales for the 170 Spar, Eurospar and Spar Express stores increased by 2.3% to CHF567m (£384.6m), despite prices being lowered by 1.2%.

This year the retailer will open five new Spar supermarkets.

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