Spar International has announced a partnership agreement with Yunnan Anning Jinfang commercial group (Jinfang) to expand Spar's presence across Southeast China.
Jinfang, which operates in the retail and supermarket sector, will invest in converting 32 of its stores to the Spar brand in the coming months.
“Our new partnership with Jinfang is consistent with Spar China’s strategic focus on accelerating expansion," said Wang Peihuan, chairman of Spar China.
"Together we unite the best of Spar's global retail expertise and Jinfang's extensive and longstanding understanding of the local customer to grow Spar's presence in Southeast China.”
Growth And Expansion
In 2016, Spar China experienced an increase in sales of 6.7%, with a 14% growth in store numbers. With these developments, 14% of the total selling area of Spar stores worldwide is now in China.
“Since entering into China in 2004, Spar has worked closely with partners to accelerate the growth of their food retail business through our standardisation methods, latest store design, modern supply chain expertise and improved shopping experience," said Tobias Wasmuht, managing director of Spar International.
"The strong growth figures demonstrate that the ‘Better Together’ strategy is delivering for our partners. The partnership with Jinfang represents a further, exciting development in the growth of Spar in China.”
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.
