SPAR China had its first congress in Weihai, Shandong province in Northern China, demonstrating the freshness, choice, value and service to its Chinese and international partners.
The fifth among global SPAR Partners with robust growth
SPAR China reported a €1.9bn turnover in the 2015 results, at 6.8% year-on-year growth. Investment continues not only in retail with 360 stores trading today, but also supply chain expansion across all of the regions in which SPAR trades - Shandong, Guangdong, Shanxi & Inner Mongolia, Beijing (city), Sichuan, Henan and Hebei. In China, SPAR operates SPAR Hypermarket, SPAR Supermarket, SPAR Neighbourhood and SPAR Express formats.
"We seek to grow and expand in unity with all our SPAR Partners by sharing our resources and knowledge,'Better Together', just like the theme of the SPAR China Congress. The success of the Congress will help drive the booming growth of our partners and the retail market in China." said Yoep Man, SPAR China Managing Director.
In other Asian countries
SPAR entered Indonesia in 2015 and opened 15 SPAR supermarkets in the first 9 months in partnership with Ramayana. SPAR India reported positive store productivity and like for like sales with 17 hypermarkets in the major cities. SPAR also announced plans to enter Mongolia and Thailand earlier this year.
Whilst store numbers only represent 6.9% in Asia Pacific, the majority of stores are in the hypermarket sector and taking 16.3% of SPAR's global selling space. With continued expansion in China and South East Asia, the Asia market is due to take a larger representation in global sales in the next few years.