SPAR Group South Africa reports 23.8% turnover increase for the year ending 30 September 2016

South Africa, 2016-Nov-19 — /EPR Retail News/ — The SPAR Group South Africa has delivered a very good overall performance for the year ending 30 September 2016, with turnover totalling R90.7 billion, an increase of 23.8% on last year.

Of the turnover, 32% was generated in foreign currency. This is up from 23.1% the year before. Headline earnings per share also increased 22.1%.

SPAR South Africa’s 80% ownership of BWG Group (owners of SPAR in Ireland) is showing positive results. BWG delivered excellent growth, underpinned by a positive contribution from all brands and store formats. The Irish operations delivered 36.8% turnover growth, bolstered by the acquisition of Londis, which has been fully integrated ahead of plan and is beating expectations.

The acquisition of a majority stake in SPAR Switzerland, effective on 1 April 2016, added a third geographic region to SPAR South Africa’s portfolio. Turnover of SPAR Switzerland, consolidated for the last six months, contributed R5.9 billion.

SPAR’s core Southern African business recorded turnover growth of 9.5%, underpinned by aggressive promotional and marketing activity in a highly competitive market.

SPAR South Africa’s organic growth focus continued to pay off with positive indications of market share gains across all store formats.

Profit after tax improved by 27.7% to R1.8 billion, from R1.4 billion a year before, with SPAR noting the benefit of lower effective tax rates in Ireland and Switzerland.

In a statement issued 16th November, the Group said it would maintain its focus on the growth of its Southern African business, “regardless of the uncertainty of both the economic and political landscape.

“Management and the board believe we will continue to prosper in our chosen markets and deliver value to our shareholders,” the statement concluded.

Contact:

SPAR International
Email: info@spar-international.com
Tel: +3120 626 6749

Source: Spar International

SPAR Group now majority owner in newly created joint venture SPAR Brasil Serviços de Merchandising e Tecnologia S.A. in Brazil

White Plains, NY, 2016-Sep-21 — /EPR Retail News/ — SPAR Group, Inc. (NASDAQ: SGRP), a leading global supplier of merchandising and other retail services, today (September 20, 2016) announced that it has taken a majority position in a newly created joint venture corporation acquiring ownership from The Interpublic Group (“IPG”) in Brazil of New Momentum and New Momentum Services (which were part of their In-Store companies). The new corporation is called SPAR Brasil Serviços de Merchandising e Tecnologia S.A., and together with the acquired New Momentum In-Store companies collectively will be called SPAR Brazil.

SPAR Brazil will be headquartered in Sao Paulo with a second office in Rio de Janeiro and will provide merchandising, in-store promotion and other marketing and retail services throughout Brazil’s 26 states. The acquired New Momentum In-Store companies will be consolidated subsidiaries of SPAR and are expected to add more than 20% to SPAR’s annual revenue.

This new acquisition adds South America to SPAR’s global coverage, which spans six continents and 50% of the world’s population with operations in the United States, Australia, Brazil, Canada, China, India, Japan, Mexico, South Africa and Turkey.

“The arrival of SPAR in Brazil is very important to the development of this sector,” said Jonathan Dagues, the former Managing Director of the New Momentum companies prior to their acquisition by SPAR and now CEO and President of each of the SPAR Brazil companies. “SPAR’s global experience and sector intelligence, combined with its superior technology, give us a decided edge in the market as Brazilian in-store merchandising and marketing efforts continue to develop.”

With the acquisition, SPAR continues to add new Fortune 500 brands to its existing client roster as these large, multinational companies value SPAR’s global footprint and superior technology. SPAR Brazil’s clients will benefit greatly from the SPARtrac® Global Retail Service Operations System, which provides the field management, reporting, tracking and productivity enhancements global clients in Brazil have been asking for.

Steve Adolph, International President of SPAR, commented that, “our new joint venture opportunity in Brazil is our first entry into the important South American market and it will serve as a foundation for further expansion throughout the region. Jonathan’s sector experience and strong leadership make him the best person to lead our expansion efforts and enhance our position as the leading global merchandising and retail service company.”

About SPAR Group, Inc.

SPAR Group, Inc., is a diversified international merchandising and marketing services Company and provides a broad array of services worldwide to help companies improve their sales, operating efficiency and profits at retail locations. The Company provides merchandising and other marketing services to manufacturers, distributors and retailers worldwide, primarily in mass merchandiser, office supply, value, grocery, drug, independent, convenience, toy, home improvement and electronics stores, as well as providing furniture and other product assembly services, audit services, in-store events, technology services and marketing research. The Company has supplied these project and product services in the United States since certain of its predecessors were formed in 1979 and internationally since the Company acquired its first international subsidiary in Japan in May of 2001. Product services include restocking and adding new products, removing spoiled or outdated products, resetting categories “on the shelf” in accordance with client or store schematics, confirming and replacing shelf tags, setting new sale or promotional product displays and advertising, replenishing kiosks, providing in-store event staffing and providing assembly services in stores, homes and offices. Audit services include price audits, point of sale audits, out of stock audits, intercept surveys and planogram audits. Other merchandising services include whole store or departmental product sets or resets (including new store openings), new product launches, in-store demonstrations, special seasonal or promotional merchandising, focused product support and product recalls. The Company currently does business in 9 countries that encompass approximately 50% of the total world population through its operations in the United States, Canada, Japan, South Africa, India, China, Australia, Mexico, Turkey and now Brazil. For more information, please visit the SPAR Group’s website at www.sparinc.com.

Forward-Looking Statements

This Press Release contains “forward-looking statements” made by SPAR Group, Inc. (“SGRP”, and together with its subsidiaries, the “SPAR Group” or the “Company”), will be filed shortly in a Current Report on Form 8-K by SGRP with the Securities and Exchange Commission (the “SEC”). There also are “forward looking statements” contained in SGRP’s Annual Report on Form 10-K for the year ended December 31, 2015 (the “Annual Report”), which was filed by SGRP with the SEC, SGRP’s definitive Proxy Statement respecting its Annual Meeting of Stockholders held on May 19, 2016 (the “Proxy Statement”), which SGRP filed with the SEC on April 27, 2016, and SGRP’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports and statements as and when filed with the SEC (including the Annual Report and the Proxy Statement, each a “SEC Report”). “Forward-looking statements” are defined in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other applicable federal and state securities laws, rules and regulations, as amended (together with the Securities Act and Exchange Act, collectively, “Securities Laws”).

The forward-looking statements made by the Company in this Press Release may include (without limitation) any expectations, guidance or other information respecting the pursuit or achievement of the Company’s corporate strategic objectives (growth, customer value, employee development, productivity & efficiency, and earnings per share), building upon the Company’s strong foundation, leveraging compatible global opportunities, improving on the value we already deliver to customers, our growing client base, continuing balance sheet strength, customer contract expansion, growing revenues and becoming profitable through organic growth and acquisitions, attracting new business that will increase SPAR Group’s revenues, improving product mix, continuing to maintain or reduce costs or consummating any transactions. The Company’s forward-looking statements also include, in particular and without limitation, those made in “Business”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Annual Report. You can identify forward-looking statements in such information by the Company’s use of terms such as “may”, “will”, “expect”, “intend”, “believe”, “estimate”, “anticipate”, “continue” or similar words or variations or negatives of those words.

You should carefully consider (and not place undue reliance on) the Company’s forward-looking statements, risk factors and the other risks, cautions and information made, contained or noted in or incorporated by reference into this Press Release, the Proxy Statement and the other applicable SEC Reports that could cause the Company’s actual performance or condition (including its assets, business, capital, cash flow, credit, expenses, financial condition, income, liabilities, liquidity, locations, marketing, operations, performance, prospects, sales, strategies, taxation or other achievement, results, risks, trends or condition) to differ materially from the performance or condition planned, intended, anticipated, estimated or otherwise expected by the Company (collectively, “expectations”) and described in the information in the Company’s forward-looking and other statements, whether express or implied. Although the Company believes them to be reasonable, those expectations involve known and unknown risks, uncertainties and other unpredictable factors (many of which are beyond the Company’s control) that could cause those expectations to fail to occur or be realized or such actual performance or condition to be materially and adversely different from the Company’s expectations. In addition, new risks and uncertainties arise from time to time, and it is impossible for the Company to predict these matters or how they may arise or affect the Company. Accordingly, the Company cannot assure you that its expectations will be achieved in whole or in part, that the Company has identified all potential risks, or that the Company can successfully avoid or mitigate such risks in whole or in part, any of which could be significant and materially adverse to the Company and the value of your investment in SGRP’s Common Stock.

You should carefully review the risk factors described in the Annual Report (See Item 1A – Risk Factors) and any other risks, cautions or information made, contained or noted in or incorporated by reference into the Annual Report, the Proxy Statement or other applicable SEC Report. All forward-looking and other statements or information attributable to the Company or persons acting on its behalf are expressly subject to and qualified by all such risk factors and other risks, cautions and information.

The Company does not intend or promise, and the Company expressly disclaims any obligation, to publicly update or revise any forward-looking statements, risk factors or other risks, cautions or information (in whole or in part), whether as a result of new information, risks or uncertainties, future events or recognition or otherwise, except as and to the extent required by applicable law.

Contact:

SPAR Group, Inc.
James R. Segreto, Chief Financial Officer
(914) 332-4100

Investors:

Dave Mossberg
Three Part Advisors
(817) 310-0051
mselinger@threepa.com

Source: SPAR Group, Inc.

SPAR Group names R. Scott Popaditch as President and CEO

WHITE PLAINS, N.Y., 2016-Aug-31 — /EPR Retail News/ — SPAR Group, Inc. (Nasdaq:SGRP), a leading global supplier of retail merchandising, technology and other marketing services throughout the United States and across five continents, today (August 29, 2016) announced the appointment of R. Scott Popaditch as President and CEO effective September 6, 2016. Mr. Popaditch replaces Ms. Jill Blanchard who, as previously announced, has resigned as the Company’s President and CEO and from its Board of Directors effective August 23, 2016.

“I am honored to join the SPAR Group team as CEO and President. SPAR Group is a dynamic organization that has successfully evolved to meet the demands of an ever-changing business environment. I am enthusiastic about the opportunities to build upon the current infrastructure to grow revenue and shareholder value. Through supporting and developing great associates and partners, maintaining exceptional customer value and service, and driving continuous operational efficiencies and new technologies, SPAR is in an excellent position for both domestic and international growth, and I am excited to join at this time,” said Mr. Popaditch.

Mr. Popaditch is an entrepreneurial executive with extensive executive leadership experience in retail services, staffing, and investment banking focused on M&A. He co-founded, built, and sold Serv Corp, Inc., one of the largest southeast regional in-store marketing services firms. He led and managed the national consolidation, handling M&A and coordinating integration. He worked as SVP of Retail Sales & Operations for the Sunflower Group, managing national Retail Sales and In-store Staffing Operations focusing on Kroger, Target, and Publix. Upon completion of his Masters, he was CEO of IQ Reports, an Insurance Risk Auditing & Staffing services firm, where he recapitalized, restructured, grew revenues, and led the merger with York Insurance Services in 2013. He joined Advantage Sales & Marketing and was subsequently hired as CEO of ICC Capital, managing the successful turnaround and coordinating a merger with Highland Capital, which closed in April 2015. Prior to accepting his new role with SPAR Group he was the Chief Commercial Officer of Suntree Snack Foods. He earned a MBA from the Crummer Graduate School of Business at Rollins College, and a BSBA from University of Central Florida.

Speaking on behalf of SPAR Group’s Board of Directors, Mr. Robert Brown, Chairman, said, “Scott comes to us with a proven track record of success in multiple areas including, sales, marketing, operations, technology and M&A. Combined with his leadership credentials and significant experience in merchandising services, we are confident in Scott’s ability to lead SPAR’s global mission of being a solutions provider dedicated to helping clients get more out of the store.”

“I would also like to reiterate our thanks to Jill Blanchard for her significant contribution to SPAR Group during her tenure as CEO. Her dedication and professionalism have continued in the last several months as we have undertaken the search for a new CEO.”

About SPAR Group, Inc.
SPAR Group, Inc. is a diversified international merchandising and marketing services Company and provides a broad array of services worldwide to help companies improve their sales, operating efficiency and profits at retail locations. The Company provides merchandising and other marketing services to manufacturers, distributors and retailers worldwide, primarily in mass merchandiser, office supply, value, grocery, drug, independent, convenience, toy, home improvement and electronics stores, as well as providing furniture and other product assembly services, audit services, in-store events, technology services and marketing research. The Company has supplied these project and product services in the United States since certain of its predecessors were formed in 1979 and internationally since the Company acquired its first international subsidiary in Japan in May of 2001. Product services include restocking and adding new products, removing spoiled or outdated products, resetting categories “on the shelf” in accordance with client or store schematics, confirming and replacing shelf tags, setting new sale or promotional product displays and advertising, replenishing kiosks, providing in-store event staffing and providing assembly services in stores, homes and offices. Audit services include price audits, point of sale audits, out of stock audits, intercept surveys and planogram audits. Other merchandising services include whole store or departmental product sets or resets (including new store openings), new product launches, in-store demonstrations, special seasonal or promotional merchandising, focused product support and product recalls. The Company currently does business in 9 countries that encompass approximately 50% of the total world population through its operations in the United States, Canada, Japan, South Africa, India, China, Australia, Mexico and Turkey. For more information, please visit the SPAR Group’s website at www.sparinc.com.

Forward-Looking Statements
This Press Release contains and the above referenced recorded comments will contain “forward-looking statements” made by SPAR Group, Inc. (“SGRP”, and together with its subsidiaries, the “SPAR Group” or the “Company”), will be filed shortly in a Current Report on Form 8-K by SGRP with the Securities and Exchange Commission (the “SEC”). There also are “forward looking statements” contained in SGRP’s Annual Report on Form 10-K for the year ended December 31, 2015 (the “Annual Report”), which was filed by SGRP with the SEC, SGRP’s definitive Proxy Statement respecting its Annual Meeting of Stockholders to be held on May 19, 2016 (the “Proxy Statement”), which SGRP filed with the SEC on April 27, 2016, and SGRP’s Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports and statements as and when filed with the SEC (including the Annual Report and the Proxy Statement, each a “SEC Report”). “Forward-looking statements” are defined in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and other applicable federal and state securities laws, rules and regulations, as amended (together with the Securities Act and Exchange Act, collectively, “Securities Laws”).

The forward-looking statements made by the Company in this Press Release may include (without limitation) any expectations, guidance or other information respecting the pursuit or achievement of the Company’s corporate strategic objectives (growth, customer value, employee development, productivity & efficiency, and earnings per share), building upon the Company’s strong foundation, leveraging compatible global opportunities, improving on the value we already deliver to customers, our growing client base, continuing balance sheet strength, customer contract expansion, growing revenues and becoming profitable through organic growth and acquisitions, attracting new business that will increase SPAR Group’s revenues, improving product mix, continuing to maintain or reduce costs or consummating any transactions. The Company’s forward-looking statements also include, in particular and without limitation, those made in “Business”, “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Annual Report. You can identify forward-looking statements in such information by the Company’s use of terms such as “may”, “will”, “expect”, “intend”, “believe”, “estimate”, “anticipate”, “continue” or similar words or variations or negatives of those words.

You should carefully consider (and not place undue reliance on) the Company’s forward-looking statements, risk factors and the other risks, cautions and information made, contained or noted in or incorporated by reference into this Press Release, the Proxy Statement and the other applicable SEC Reports that could cause the Company’s actual performance or condition (including its assets, business, capital, cash flow, credit, expenses, financial condition, income, liabilities, liquidity, locations, marketing, operations, performance, prospects, sales, strategies, taxation or other achievement, results, risks, trends or condition) to differ materially from the performance or condition planned, intended, anticipated, estimated or otherwise expected by the Company (collectively, “expectations”) and described in the information in the Company’s forward-looking and other statements, whether express or implied. Although the Company believes them to be reasonable, those expectations involve known and unknown risks, uncertainties and other unpredictable factors (many of which are beyond the Company’s control) that could cause those expectations to fail to occur or be realized or such actual performance or condition to be materially and adversely different from the Company’s expectations. In addition, new risks and uncertainties arise from time to time, and it is impossible for the Company to predict these matters or how they may arise or affect the Company. Accordingly, the Company cannot assure you that its expectations will be achieved in whole or in part, that the Company has identified all potential risks, or that the Company can successfully avoid or mitigate such risks in whole or in part, any of which could be significant and materially adverse to the Company and the value of your investment in SGRP’s Common Stock.

You should carefully review the risk factors described in the Annual Report (See Item 1A – Risk Factors) and any other risks, cautions or information made, contained or noted in or incorporated by reference into the Annual Report, the Proxy Statement or other applicable SEC Report. All forward-looking and other statements or information attributable to the Company or persons acting on its behalf are expressly subject to and qualified by all such risk factors and other risks, cautions and information.

The Company does not intend or promise, and the Company expressly disclaims any obligation, to publicly update or revise any forward-looking statements, risk factors or other risks, cautions or information (in whole or in part), whether as a result of new information, risks or uncertainties, future events or recognition or otherwise, except as and to the extent required by applicable law.

Contact:

James R. Segreto
Chief Financial Officer
(914) 332-4100

Investors:

Dave Mossberg
Three Part Advisors
(817) 310-0051
mselinger@threepa.com

Source: SPAR Group, Inc.

Kyle Watkins appointed VP Business Development for U.S. operations at SPAR Group, Inc.

  • Kyle Watkins Joins SPAR Group as Vice President Business Development
  • SPAR Positions Itself For Growth Against Key Industry Trends

WHITE PLAINS, N.Y., 2015-8-25— /EPR Retail News/ — SPAR Group, Inc., a leading global supplier of merchandising and other retail services, today announced that Kyle Watkins has joined the company in the role of VP Business Development for its U.S. operations. Kyle will be responsible for new business targeting key industry growth areas aligned with SPAR’s strategic initiatives. Kori Belzer, Chief Operating Officer of SPAR, stated that, “we look forward to having Kyle build relationships that strengthen SPAR’s role as a strategic partner and help us deliver solutions that optimize our clients’ sales and profitability in a changing retail landscape”.

Various research reports point to continued growth in traditional retail channels and in the growth of outsourced labor. Jill Blanchard, SPAR’s CEO, pointed out that “In the next 10 years in the U.S., dollar growth in stores is expected to grow by almost $2 trillion more, or 75% more, than dollar growth in online retail1. At the same time, outsourced labor, which had annual revenue growth at just over 7% between 2009-142, is expected to have that growth rise to 22% by 20193”. In the new omni-channel retail model, there are several areas that will lead to this growth while retailers face the challenges of providing better product availability and customer service.

SPAR is well positioned to help retailers overcome the challenges they face, providing retail services including in-store merchandising, new store sets and remodels, price and compliance audits, fixture/display installation and service, assisted sales, and its world class SPARtrac™ Global Retail Service Operations System that enables increased retail service efficiency and productivity. Kyle’s experience and drive will be key assets in targeting growing retail categories that can benefit from unique service models being developed and offered by SPAR.

Kyle adds, “I’m excited to join a world-class service organization that is proactive in delivering solutions that help companies better service their customers as the retail world changes. I look forward to applying my knowledge and passion to build meaningful relationships that allow both SPAR and its clients to prosper from these changes”.

Kyle has over a decade of outstanding experience in developing and nurturing relationships with some of the most iconic brands in retail. Most recently, he served as Chief Operating Officer and Vice President of Client Services for Mallard Group, a retail services company with operations in the U.S., Canada and Mexico. While there, Kyle was instrumental in acquiring and leading the execution of multi-million dollar installation and merchandising programs. He also previously served as Director of Marketing & Business Development for Mallard.

In addition to his experience selling and implementing retail merchandising and installations, Kyle has also developed business for creative and production firms specializing in the design, fabrication and implementation of some of the most recognizable displays and store fronts in the industry.

On a more personal level, as a former right tackle for the University of Central Florida, Kyle will most assuredly have all his clients’ backs. He is also married with two children and will be based out of Dallas, TX.

About SPAR Group, Inc.
SPAR Group, Inc. is a diversified international merchandising and marketing services company and provides a broad array of services worldwide to help companies improve their sales, operating efficiency and profits at retail locations. SPAR provides merchandising and other marketing services to manufacturers, distributors and retailers worldwide, primarily in grocery, drug, big box, discount/dollar, office supercenter, warehouse/club, specialty, pet, department, and convenience/gas channels. Additional services include new store sets and remodels, price and compliance audits, fixture/display installation and service, furniture assembly in stores, offices and homes, assisted sales, product demonstrations, and Click & Collect services. SPAR provides these services in the U.S. and across the globe. SPAR started as a sales promotion analysis company in 1967, has been supplying merchandising and other retail services in the U.S. since 1979, and internationally since acquiring its first international subsidiary in Japan in 2001. SPAR currently does business in 9 countries that encompass approximately 50% of the total world population through its operations in the United States, Canada, China, Australia, India, Japan, Mexico, South Africa and Turkey. For more information, please visit SPAR Group’s website at www.sparinc.com.

SOURCES: 1. FTI Consulting; 2. Bureau of Labor Statistics; 3. IBIS World;