SPAR International has recorded strong growth in the Middle East in 2019. The Saudi Arabia division had a stand-out year recording growth of fifty seven percent year-on-year driven by increased footfall in existing stores.
“Our continuous compound annual growth of 4.4% over the last five years creates a strong platform to build from for the future and indicates that our ‘Better Together’ strategy continues to deliver sustainable growth. Since its launch in 2015, this strategy has delivered SPAR global sales growth of 21.4%, global store footprint growth of over 1,200 additional stores and a total retail sales area increase of 7%,” said Tobias Wasmuht, CEO of SPAR International.
“The strong performance of neighbourhood retailing during the outbreak and the importance our customers place in proximity and local retailing will continue to strengthen, as will our continued roll out of online retail in the new ‘low-touch’ economy. Economic impact, consumer confidence and the negative impact on household incomes will see consumer spend shifting towards three key areas of health, sanitation and value, with the SPAR brand very well positioned to respond,” Wasmuht continued.
