1. News
January 29, 2018updated 11 Nov 2021 12:09pm

Spar enters Saudi Arabian retail market

Supermarket chain Spar International (Spar) has entered the Saudi Arabian retail market with the opening of three outlets in Riyadh.

Supermarket chain Spar International (Spar) has entered the Saudi Arabian retail market with the opening of three outlets in Riyadh.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Spar’s entry into the Saudi Arabian market is in partnership with Al Sadhan Group. It plans to open another five new stores in Riyadh later this year.

The supermarket chain will initially focus on mid- to premium sector of the retail market and will later launch stores to cater to all economic sectors.

“We are delighted to enter this exciting and dynamic market with such an established and well-respected partner as Al Sadhan Group.”

Spar managing director Tobias Wasmuht said: “With a growing young population, rising GDP and increased consumer purchasing power, the retail market in Saudi Arabia has been growing steadily.

“We are delighted to enter this exciting and dynamic market with such an established and well-respected partner as Al Sadhan Group.

“In addition, the new partnership provides Spar with yet another important base in the Middle East, a region that is becoming more and more important to SPAR International’s strategic business development.”

Spar also plans to open 40 new stores in the region by 2020.

Established in 1952, the Al Sadhan Group is a family-owned business, which focuses on the real estate, facilities management, and brand development.

Al Sadhan chairman Mohammed bin Abdul Aziz Al Sadhan said: “We are very proud of this partnership with Spar International.

“Having the right mix between Spar International’s knowledge and best practice, along with our experience in the local market will provide our customers with an excellent retail experience.”

Last week, the retailer also opened its sixth store in Bengaluru, a city in the south Indian state of Karnataka.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.