Fashion
Food retailer Spar Asia had “significant” developments during its latest financial year.
In a partnership with Ramayana, the Amsterdam-based group opened 15 stores in Indonesia in nine months, had rapid growth in India after re-entering the market in 2014, and saw its China sales rise 6.8 per cent to €1.9 billion (US$2.14 billion).
Internationally, its retail sales netted €33 billion for the year, a 3.5 per cent increase on 2014 – the group’s strongest sales growth in five years.
During the year it entered four new countries, in Asia, Africa and the Middle East, taking its total to 12,100 stores in 42 countries serving 13 million customers a day. Spar International’s multi-format strategy includes hypermarkets, supermarkets, and neighbourhood and convenience stores.
The fresh department is at the core of the Spar concept, with the stores also offering FMCG products and core non-food ranges. Value is underpinned through its low-priced, quality private-label products.
