SPAR Australia gets permanent license as sales rise

Posted by James Ferre on 16th October 2009

The recent 2009 SPAR Australia Annual General Meeting was the setting for a major milestone announcement for the retailer, with Chairman, Stephen Roger, reporting that the company had entered into a Permanent License Agreement with SPAR International.

The permanent license was granted well before the expiration of SPAR Australia’s current agreement.

“To have been offered this arrangement only three years after being issued our temporary license demonstrates the level of confidence SPAR International has in us and their enthusiasm for SPAR Australia to be part of the SPAR team worldwide,” Mr Roger said.

“This license is a significant milestone for the company and one that proves SPAR Australia is making a strong statement in the food industry. We have become a serious contender and supplier to independent retailers.”

The agreement will allow the Australian chain to enter into new supply arrangements with SPAR outlets in other countries and discuss opportunities for investment in Australian stores.

Sales, store numbers on the up

The retailer also reported their financial year results at the meeting, with a 14.5 per cent increase in sales and a 33 per cent increase in store numbers.

SPAR Australia now has over 100 outlets in Queensland, New South Wales, the Australian Capital Territory and the Northern Territory. The SPAR brand, meanwhile, boasts around 13,610 stores in 31 countries.