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Spar Hypermarket to expand retail presence; open 10 new stores in another two years

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Spar Hypermarket, part of the Dubai-based Landmark Group, will increase its stores in India by 50 per cent from the present 18 in the next 12 to 24 months, a top company official said today.
According to a PTI report: With plans to open a Spar Hypermarket at Bengaluru in another 60 days, the company will have another 10 stores, including Tamil Nadu, in the coming two years, Spar India Managing Director and CEO Rajeev Krishnan said.
The CEO said the company has understood that over the past 10 years, customers have evolved and so as their shopping aspirations.
Considering this, Spar will focus on Tier II cities like Coimbatore, to tap business potential for the benefit of customers, he said.
Talking about the store, claimed to be the first in India as far as technology and innovation are concerned, Rajeev Krishnan said the company has reduced the billing time–customers standing in the queue–almost by 60 per cent.
Another major attraction was that Spar has put together all the children’s products in the same section called ‘little Wonders’.
An interactive touchscreen has also been placed, which can be used by children to showcase their creativity along with infotainment content, he said.
On the impact of GST, the official said though it was the best thing to happen in the country, that was a big challenge in the initial month, as the company was to do business with over 5,000 vendors and number of products.
When asked about demonetisation, Rajeev Krishnan said the company witnessed generally good business in December 2016, when customers thronged all the outlets.

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