Spar in “a fantastic financial position” with new stores and members
By Ben Stevens - May 19th, 16:35
Convenience store chain Spar has reported an 8.5 per cent jump in sales to £2.84 billion over 2016.
Spar grew its UK estate to 2620 stores adding 186 new properties over the 12 months to December 31, 2016. It also welcomed new retail members to its group.
The retailer placed a focus on its fresh food offerings, investing heavily in adding more fresh produce, butcher and deli counters.
“Our experience, (and) knowledge of the market and the consumer sets us apart in times when others are finding the marketplace challenging,” UK managing director Debbie Roberts said.
“Our partnership approach and collaborative model provides retail businesses with huge opportunities to grow."
“We have also boosted our digital advertising and targeted our promotions at younger shoppers.”
Its UK arm also performed well on an international level, coming in third position in the retailer’s international sales, which grew 4.5 percent in the same period.
L'Oreal finalises sale of The Body Shop
27/06/2017 - 12:54
French beauty products giant L'Oreal said Tuesday it has a signed a contract to sell The Body Shop, which it has owned for over a decade, to Brazil's Natura Cosmeticos for one billion euros.
Fixed retail prices could disappear within 5 years
27/06/2017 - 11:07
The UK is likely to see set product prices disappear within five-years as new digital pricing technology is adopted across mainstream retailers.
Retail in airports to grow to $49 billion by 2021
27/06/2017 - 09:29
Global airport retailing will grow 27% to $49 billion by 2021, according to research from GlobalData.
Luxury retail sector feeling the pinch
27/06/2017 - 09:09
Conventional wisdom has had it that luxury retail — including clothes, shoes and accessories — is immune to movements in the economy, especially the downward kind.
Foreign brands feel the pinch in tough times
26/06/2017 - 09:38
Last year, Australia-based retailer Cotton On opened its largest flagship store in the world at Mall of Africa in Johannesburg.