Spar in “a fantastic financial position” with new stores and members
By Ben Stevens - May 19th 2017, 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.
Checkers brings world-class retail to Constantia with new flagship store
27/11/2019 - 13:01
Checkers has opened the doors to its state-of-the-art 2 330 m² flagship supermarket at the Constantia Emporium as the retailer continues to take innovation to new heights.
Woolworths carves out market share in SA
27/11/2019 - 10:11
In Australia, David Jones's sales declined 2.1%, with the company saying a store refurbishment contributed to the decline.
Push and pull strategies work together to keep consumers coming back for more
26/11/2019 - 10:20
The retail sector is under increasing pressure as consumers have shrinking disposable income in a strained economy. Maintaining share of wallet is critical. Relying solely on a push route to market strategy from manufacturers into retailers is not enough to get consumers buying products. A pull strategy needs to coexist with the push to drive brand consumption. Integrating these strategies requires intelligent and insightful decision-making. This, in turn, requires data generated through smart technology which provides line of sight across the value chain from manufacturer to distribution, retailer to the consumer.
Exclusive leases must fall: Commission cracks whip on Shoprite, Pick n pay, Spar, Woolies
26/11/2019 - 09:57
The Competition Commission Inquiry into Grocery Retail, published on Monday, called for an end to the exclusive leases negotiated by national retail chains in all shopping malls across the country in a bid to open up access to markets for smaller players.
Today’s customers are loyal to speed and convenience, not brands
25/11/2019 - 11:15
Consumer expectations are rapidly shifting as technologies such as mobile, geolocation, social media and increasingly, Internet of Things devices and wearables, connect people to a world of easily accessible information and convenient services. With the ability to browse, compare and order with a few swipes and taps, consumers are becoming trained to value convenience and service above nearly anything else.