Saturday 27th May 2017 - Logistics & Supply Chain

Strong growth for SPAR

SPAR International, which works with partners to develop supply chain and retail operations, increased global sales by 4.5 per cent to €33.1 billion last year.

The organisation has been expanding its global coverage rapidly and last year started operations in Thailand and Albania, as well as expanding through new regional partners in China and Russia.

Additional territories were licenced during the year with stores scheduled to open in 2017 in Mongolia, Malta and Sri Lanka.

Speaking at the at the 62nd International SPAR Congress in Gran Canaria, Spain, managing director Tobias Wasmuht, said: “As the retail landscape becomes ever more competitive, the SPAR brand continues to be the number one partner of choice for leading-edge independent retailers across an increasing number of global geographies.”

SPAR grew by 4.8 per cent in its traditional European market – SPAR UK reported eight per cent growth.

“Underlying trends in the 2016 SPAR results point to an on-going strong revival in neighbourhood – or proximity – retailing, with investment in the modernisation of neighbourhood stores and the resurgence of new urban city stores, key factors in delivering above average growth in many of our traditional European markets,” said Wasmuht.

Get Weekly Logistics & Supply Chain News
Get Weekly Logistics & Supply Chain News
Thank you for your subscription