The world’s largest food retail voluntary chain, SPAR International has reported sales of €39.8bn for the year ending 31 December 2020.
This number represents a 7.4 per cent increase in revenue for the company that has 13,501 SPAR branded stores operating across 48 markets worldwide in five regions. The brand continued its expansion into new markets launching in Ghana in 2020, with 10 new stores operational by the end of the year.
Despite the challenges of operating through the Covid-19 pandemic, the majority of SPAR countries reported strong growth. Tobias Wasmuht, CEO of SPAR International said: “The response to the Covid-19 pandemic succeeded in highlighting the collective strength of the SPAR worldwide organisation, the competitive advantages of the SPAR multi-format strategy and the critical role of independent retailing in societies and communities across the globe.”
“As we look to the future, we do so with confidence. SPAR has shown great resilience during the crisis of 2020 and has prospered and grown. With accelerated developments in retail and across our supply chain, we are well placed to build on this strong foundation,” Wasmuht continued.
