{"id":360,"date":"2010-03-12T00:00:00","date_gmt":"2010-03-12T00:00:00","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=360"},"modified":"2012-07-24T07:47:50","modified_gmt":"2012-07-24T07:47:50","slug":"spar-hypermarket-plans-25-stores","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/spar-hypermarket-plans-25-stores\/","title":{"rendered":"Spar Hypermarket plans 25 stores"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2010\/03\/Spar-Hypermarket-300x225.jpg\" alt=\"Spar-Hypermarket\" title=\"Spar-Hypermarket\" width=\"300\" height=\"225\" class=\"alignleft size-medium wp-image-984\" srcset=\"https:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2010\/03\/Spar-Hypermarket-300x225.jpg 300w, https:\/\/www.franchisemart.in\/franchise\/wp-content\/uploads\/2010\/03\/Spar-Hypermarket.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Spar Hypermarket is all set to resume its expansion drive with 25 stores coming up. The company, which is the outcome of a licensee agreement between Dubai-based Landmark Group&#8217;s Max Hypermarkets India and Net\ufffdherlands-based Spar International, is eyeing a total of 25 hypermarkets across the nation in the next 3 years.<\/p>\n<p>Spar will invest a total of Rs 400 crore for its expansion plans, of which, about Rs 250 crore will be equity and the rest through debt.<\/p>\n<p>While majority of the 25 stores will be in tier-2 cities in south India, such as Vis\ufffdhakhapatnam, Vijayawada and Coimbatore, the company will also be looking at opening stores in cities like Mumbai and Chennai.<\/p>\n<p>At present, Spar operates three stores in India &#8211; two in Bangalore and one in Hyderabad. It is set to add its flagship property, a 90,000 sq ft store, in Bangalore next week. The company is targeting about 5-6 stores, mostly hypermarkets by this year end in areas including Pune, Delhi, Mysore and Mangalore.<\/p>\n<p>The new expansion drive is expected to result in an almost 10-fold increase in the company&#8217;s revenues from Rs 150 crore in this fiscal year to Rs 1,250 crore by 2012-13. The firm has been clocking a 30-35 per cent year-on-year growth in revenue from its like-for-like sales in its two years of operations.<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fspar-hypermarket-plans-25-stores%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"excerpt":{"rendered":"<p>Spar Hypermarket is all set to resume its expansion drive with 25 stores coming up.<\/p>\n<iframe src='http:\/\/www.facebook.com\/plugins\/like.php?href=https%3A%2F%2Fwww.franchisemart.in%2Ffranchise%2Fspar-hypermarket-plans-25-stores%2F&amp;layout=button_count&amp;show_faces=true&amp;width=280&amp;action=recommend&amp;colorscheme=light&amp;height=30' scrolling='no' frameborder='0' style='border:none; overflow:hidden; height:30px' allowTransparency='true'><\/iframe>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[466,465],"class_list":["post-360","post","type-post","status-publish","format-standard","hentry","category-retail-news","tag-landmark-group","tag-spar-hypermarket","entry"],"_links":{"self":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/comments?post=360"}],"version-history":[{"count":1,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/360\/revisions"}],"predecessor-version":[{"id":983,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/posts\/360\/revisions\/983"}],"wp:attachment":[{"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/media?parent=360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/categories?post=360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisemart.in\/franchise\/wp-json\/wp\/v2\/tags?post=360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}