Spar in “a fantastic financial position” with new stores and members

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Spar

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.

READ MORE: Spar promotes Ian Taylor to Retail Director role

“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 per cent in the same period.

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