THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
SPAR International expands into Azerbaijan

SPAR International has opened its first store in Azerbaijan.

GENERAL MERCHANDISE

SPAR International expands into Azerbaijan

SPAR International has opened its first store in Azerbaijan.

The new 1,800 square metre shop in the capital city of Baku has been established with local partner Araz which already services more than 37,000 daily customers and operates neighbourhood stores, convenience stores and supermarkets.

Araz, which became a SPAR partner in April this year, was founded in 2010 and is part of retail and wholesale business Veyseloglu.

SPAR’s growth in the Caucasus follows confirmation of plans by Khimji Ramdas, the brand’s partner in Oman, to open 21 new stores in the Sultanate by the end of 2017.

Speaking at the official opening of the Baku store, general director of SPAR Azerbaijan Vusal Sharifov said: “Food retailing continues to be one of the most dynamic sectors of Azerbaijan’s economy and Araz has strong plans for growth, with the aim of opening more than eight new SPAR stores with a total sales area of 12 000 square metres by the end of 2017.

“The introduction of the SPAR brand into the local market brings global best practice to retailing in Azerbaijan and delivers a new and unique offering to local consumers based on the SPAR principles of freshness, quality, choice and customer service.”

David Moore, SPAR international business development director added: “Building strong partnerships, sharing international best practice and adhering to SPAR’s core principles has resulted in continued and growing interest from independent retail partners across the globe – particularly in developing economies.

“Our partners in Azerbaijan and Oman, have ambitious plans for growth in both of their markets and we look forward to working with them to grow their presence further into the future.”

Other new countries entered by SPAR in 2015 include Cameroon, Malawi and Indonesia.

SPAR International has 12,300 stores worldwide and global retail sales of €31.9 billion in 2014

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process