Spar International has insisted that it will continue to drive growth in new markets as it booked an increase in sales for 2012.
The symbol retailer said today (22 May) sales increased 2.8% year-on-year in 2012, climbing to EUR32bn.
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Gains were driven by expansion in Russia and China, Spar MD Gordon Campbell said at the group’s annual congress in Ireland this morning. In each market, the company broke the EUR1bn sales barrier – placing China and Russia in the top 12 of Spar’s largest markets.
The retailer’s largest markets by sales remain Austria, which generated revenues of EUR5.56bn, and South Africa, where revenues totalled EUR4.56bn. However, the company is bent on expansion in emerging markets and is placing a particular emphasis on China and Russia as well as the Middle East.
The symbol retailer said it plans to drive further international growth by leveraging partnerships with local players.
In a recent interview with just-food, Gordon Campbell discussed the group’s priorities in the Middle East.
