SPAR China Reaches 408 Stores, 97 Stores in Pipeline for 2018
SPAR China reaches 408 stores in 11 provinces and regions in the first quarter of 2018. In the beginning of 2018, most of the top retailers in China maintained fast growing tendency. SPAR China continued to strengthen our position with 408 stores and over 1 million sales areas, ranking the ninth place of TOP 10 retailers in Chinese grocery market, according to Kantar Worldpanel. For 2018, SPAR China has a minimum of 97 new stores in pipeline, including 7 hypermarkets, 11 supermarkets, 41 community stores and 38 convenience stores. To facilitate the SPAR China business model, three core pillars have been established: All Together Power, Customer Centricity, and The Brand. SPAR China shall continue to outperform our peers through aggressive regional expansion and embracing of new retail initiative and technologies, getting back to basics of retail.