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April 16, 2018

Spar International enters Sri Lankan retail market

Independently owned and operated retailers Spar International has announced entry into Sri Lanka through a collaboration between SPAR South Africa and Ceylon Biscuits.

Independently owned and operated retailers Spar International has announced entry into Sri Lanka through a collaboration between SPAR South Africa and Ceylon Biscuits.

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As a part of the collaboration, the new company, Spar Sri Lanka, will open 50 new stores in the country by 2023, with a focus on developing independent Spar retailers.

The expansion of the company into Sri Lankan retail market marks the sixth market in Asia and 48th globally.

“The distinct global but local Spar approach will create excellent growth opportunities for Sri Lankan Spar independent retailers.”

Under the partnership, the food retailer has also launched its first Spar Supermarket in Colombo, which is established in a 1,000m² space.

Spar International managing director Tobias Wasmuht said: “We are delighted to partner with Ceylon Biscuits and to bring the Spar Brand to this dynamic market.

“The distinct global but local Spar approach will create excellent growth opportunities for Sri Lankan Spar independent retailers. The opening of the first Spar supermarket marks the beginning of a new, world-class retail experience for consumers in Sri Lanka.”

The new store offers fresh meat, a selection of fruits and vegetables, as well as the company’s own branded products sourced locally and globally and an in-store bakery.

Spar Sri Lanka CEO Wayne Hodson said: “This is a very exciting period in the ever-changing food retail environment.

“Our mission is to develop and grow local, independent retailers, supporting them through the implementation of efficient supply chain management, stock procurement, promotional and marketing support, IT and retail leadership.”

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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.