Spar UK has announced its intention to continue a “flourishing offensive” against its symbol group rivals as it revealed sales were up 6.4% to £2.35bn for the year to April 30.
It said that its success in attracting new stores and forecourts had been key to achieving the sales increase across its 2,700-store estate.
Store numbers have been on the increase, particularly in Scotland where the portfolio has grown by 7% in the past six months. Spar picked up the business of 25 dissatisfied Scottish Mace retailers prior to Somerfield’s announcement that it was to sell the Scottish business to P&H in May. The symbol group now has 400 forecourts, up 10% on last year.
For the first six months of 2005, Spar’s like-for-like sales were up 2.4%, with July’s sales up 6% on the period last year.
“The survival of the independent sector depends on creative and progressive retail practice,” said Jerry Marwood, Spar UK managing director. “We are constantly improving our own-label range, as well as delivering excellent pricing, availability and convenience.”