SPAR China Delivers Record Retail Sales of 1.4 Billion
Published on: 2014-05-29
SPAR China Delivers Record Retail Sales of €1.4 Billion in 2013
Shanghai, 27 May 2014 – SPAR International, the world’s largest food store retailer, has announced record retail sales in China for 2013, confirming SPAR as one of the fastest growing retail brands in the region. SPAR China delivered retail sales of €1.4 billion for the year ending December 31st, 2013 – a 19% increase on the previous year. SPAR China now ranks seventh in the global league of SPAR markets, with a total sales area of over 780,000m2 – over 10% of the total worldwide SPAR retail space. Overall, SPAR International reported global retail sales of €32.2 billion for 2013 – an increase on 2012 of 4.1% on a constant currency basis. The ranking and results were announced at the 59th International SPAR Congress taking place this week in Rome, Italy which is being attended by over 200 retail representatives from 35 countries around the world.
Addressing delegates, SPAR International Managing Director, Dr. Gordon Campbell said, “Retail sales in China for 2013 show the ongoing attraction of the SPAR brand for independent retail operators in the region. The dedication of our existing Partners to the SPAR brand values of freshness, choice, value and service, along with continuous retail innovation, continues to serve their customers and their businesses very well.”
The growth follows a significant strategic focus for the brand on new and emerging markets, with SPAR operations in China, Russia and the Middle East in particular delivering strong growth. SPAR International is now the world’s largest food store retailer with over 12,000 stores worldwide.
Dr Campbell continued: “We have worked in close co-operation with our Partners to establish a significant and growing presence in China. Our unique multi-format approach - led by the development of our hypermarket format - has given our brand the flexibility required to meet the ever changing needs of today’s increasingly discerning Chinese consumer.”
Today SPAR has five regional retail Partners operating over 230 stores across China – 104 of which are large format hypermarkets.
Performance highlights for 2013 included:
Continuous expansion of large format hypermarkets with an additional net 100,000m2 of sales area added – 80% of sales are now derived from the hypermarket format. The development of a new premium ‘compact’ hypermarket targeting growing consumer demand in regional cities. The establishment of two premium flagship stores in Weihai, Shandong and Taiyaun, Shanxi. The introduction of an expanded range of SPAR private label and imported goods, with over 4,000 products now making up the range Maximising utilisation of the SPAR logistics network of 10 Distribution Centres across seven provinces. Investment in online retailing – with SPAR Guangdong developing a store based online retail model to meet the needs of communities in its catchment area.
Looking to the future, Tobias Wasmuht, MD of SPAR China commented, “We continue to have positive engagement with potential local partners who have the vision and capability to provide modern food retailing while adhering to the SPAR retailing principles. Our pipeline in China remains strong and I am confident we will be welcoming at least two new partners and adding more than 50 new stores before year end.”
SPAR International’s multi-format strategy sees its Partners operate over 12,000 Hypermarket, Supermarket, Neighbourhood and Convenience stores serving the needs of 13 million customers daily.
SPAR is the world’s largest food store retailer. The worldwide SPAR organisation comprises 12,126 stores in 35 countries, across 4 continents. SPAR was founded in the Netherlands in 1932, and has grown to be the largest voluntary retail chain worldwide. SPAR is a Dutch acronym meaning of united co-operation all shall benefit. This 80 year old brand mission remains true to today.