Despar Italia, which is made up of six groups that operate various stores under the SPAR banner in the country, has announced results for 2016 and its investment plans for 2017.
Positive performance in 2016
Despar Italia said it had enjoyed sales growth of 4% in 2016, taking its total €3.282 bn. At the end of 2016 the retailer said that it operated 1,159 stores, a 2.5% increase on the figure at the end of 2015.
Investment to continue in 2017
Following its positive performance in 2016, Despar said that it would continue to invest to maintain its upturn in performance. In 2017 the organisation said it would invest €200m in new store openings and the renovation of existing stores.
Despar said it would also invest in its private label ranges as it looked to grow the share of sales accounted by the products to 19% at the end of 2017, from 18% in 2016. To hit this target, Despar said it was looking to drive sales growth of 6.5% for its private label ranges. As part of this the retailer said it was planning to expand its range of private label products with the addition of 290 SKUs, mainly in the premium price band, but also within healthy and organic categories.