Spar South Africa has unveiled a new growth strategy that focuses on independent retailers and the ever-evolving needs of consumers.
Independent retailers are an essential component in the company's growth story and 'bring the brand to life', Spar Group said.
The Process
While formulating the new strategy, Spar South Africa took into account key retail trends like convenience-integrated digital technologies, health and wellness, alternative packaging solutions, food waste reduction, and local product sourcing.
The process was further guided by the retailer's sustainable development goals, which helped in defining primary themes around equality, poverty reduction, human settlement, food and nutrition, sustainable growth, and quality education.
Implementation Of Strategy
Chief executive of Spar South Africa, Graham O’Connor, said, "Our priority for the next year will be to drive the implementation of our new strategy in South Africa."
"We believe this can make a fundamental difference to our business through the commitment to put consumers first,” he added.
After a solid financial year ending in September 2018, the retailer aims to continue to drive growth through this move.
© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
