SPAR announces global growth of 7.4% and retail sales of € 39.8 billion for 2020
SPAR International, achieved a turnover of 39.8 billion euros for the fiscal year ended December 31, 2020, an increase of 7.4% of its turnover at constant exchange rates.
At the end of the year, there were 13,501 SPAR brand stores operating in 48 markets around the world and in five regions.
The retail brand said it has continued to expand into new markets by launching in Ghana in 2020, with 10 new stores operational by the end of the year.
Despite the challenges of tackling the COVID-19 pandemic, the majority of SPAR countries have reported strong growth, he added.
Tobias Wasmuht, CEO of SPAR International, said:“The response to the COVID-19 pandemic succeeded in highlighting the collective strength of the global SPAR organization, the competitive advantages of the SPAR multi-format strategy, and the critical role of independent retail in societies and communities. of the whole world.
Western European Markets
According to the financial report, in the 16 markets of Western Europe, sales of SPAR increased by 12% to 25.48 billion euros, or 64% of the global turnover of SPAR.
The consistent theme of independent retailers excelling in the neighborhood retail offering was seen through strong results in markets such as SPAR Ireland (10%), SPAR UK (+ 12%) and SPAR Norway (12%). 5%).
Other notable players include SPAR Austria, which has once again proven itself to be a peerless player with very impressive revenue growth of 16% for a total turnover of 8.3 billion euros, up € 1.2 billion compared to 2019.
SPAR Netherlands continued its second year of exceptional growth, with retail sales growth of 23.5% in 2020.
Sales of SPAR Italy and SPAR Spain increased by 8.4% and 7.2% respectively.
Rest of the world
The grocery retailer said the continued expansion of the 11 SPAR countries operating in Central and Eastern Europe resulted in a like-for-like sales increase of 8.9% compared to 2019.
Across Africa and the Middle East, the SPAR brand strengthened its presence in 15 countries and continued its growth path with sales of 6.2 billion euros, an increase of 2.8% compared to to 2019.
SPAR South Africa generated sales of 5.22 billion euros over the period.
SPAR in Asia-Pacific achieved a solid performance of 1.5% year-on-year growth and € 1.88 billion in retail sales.
SPAR China recorded retail sales of 1.55 billion euros and annual sales growth of 7.9% on a like-for-like basis in local currency.
In Australia, SPAR saw revenue growth of 16.5%, with convenience and neighborhood retail emerging as a popular and winning format as communities increasingly bought locally.
SPAR Pakistan and SPAR Sri Lanka continued their growth momentum of 38% and 63% respectively.
Wasmuht noted, “The past year was very marked by the impact of the global COVID-19 pandemic and its severe consequences, but it was also a year that saw accelerated growth due to dedication and l attention from our very committed SPAR colleagues across all parts of our global SPAR network. “
“The terrible impact of the pandemic on a global scale and the rapid rate of its spread in several countries could not have been foreseen and, as such, forced us to react with great urgency and speed. However, crisis situations always bring out the best in people and we at SPAR can be proud of the incredibly selfless and courageous response of the global SPAR organization, ”he said.
Wasmuht added, “As we look to the future, we do so with confidence. SPAR has shown great resilience during the 2020 crisis and has thrived and grown. With accelerating developments in retail and across our supply chain, we are well positioned to build on this solid foundation. “
“A key positive factor over the past year has been the benefits of close international cooperation through new distant working methods.” The benefits of this intensity of cooperation are beneficial to all within SPAR, as we increasingly reap the benefits of our international scale presence, while adding useful value to the local communities we serve, ”he said. declared.
2021 Check – your source for the latest Irish retail news. Article by Donna Ahern. For more information on retail, click here. Click on Register now to subscribe to Check.