The group is urging the rest of its members to join the Spar News Group and make it as big as schemes run by Asda or the Co-operative Group. It has a 2% share of the UK newspaper and magazine market, but full member support could increase this to 5%, allowing it to negotiate better terms with suppliers.
“News and magazines are the biggest footfall drivers in convenience stores – they generate customer loyalty, repeat sales and deliver a higher gross profit than grocery, off-licence and tobacco sales,” said Adrian Calver, news controller at Spar. “A newspaper shopper spends an average £5.19 per visit or £20.76 a week, as opposed to the average c-store shopper spend of £19.74.”
Retailers’ sales had grown as a result of the scheme, he claimed.