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.
Digital signage video walls enhance adidas' brand experience at new flagship store
14/12/2017 - 09:00
Moving Tactics, South Africa’s leading digital signage solutions company, recently worked with adidas to install two video walls at their new flagship store in Sandton City Shopping Centre in South Africa.
L’Oreal releases its first fully plant-based hair dye
13/12/2017 - 14:19
L’Oreal, founded more than a century ago by a French chemist who formulated safer, more natural-looking hair dyes, is releasing its first fully plant-based colouring as consumers’ definitions of naturalness and product safety evolve.
UK retailers to reap rewards of christmas cross-border sales
13/12/2017 - 11:22
Cross-border trade is forecast to increase by 57 percent in the UK this festive period, indicating that more overseas shoppers are turning to British retailers than ever before for their Christmas shopping.
Dis-Chem raises R1.1bn but sentiment sours on news of executive sales
13/12/2017 - 10:29
Pharmacy group Dis-Chem has raised R1.1bn to fund its expansion, but the news failed to impress shareholders.
Dis-Chem shares fall 9% as founders sell shares
12/12/2017 - 13:33
Dis-Chem Pharmacies’ share price fell 9% to R35.10 on Tuesday morning, just above the R35 per share book build price achieved by founders selling some of their shares.