The pilots are variations on a theme that Spar Ireland has dubbed 'new convenience' and are the culmination of more than 12 months of research and product development that underpin The Spar Food Strategy, developed in conjunction with Spar International and convenience retailing consultants SRCG
Andrew Thorton, founder of SRCG
, the specialist convenience consultancy, says: "The convenience market today is really competitive, much more so than when the Co-operative Group bought Alldays in 2002.
Venture capitalists are taking an interest in CTNs for the first time in years, indicating that the sector may in fact be experiencing a revival, according to convenience sector analyst SRCG
In the interim, Search Capital stock will be traded in the over-the-counter "pink sheets" under the symbol SRCG
Scott Annan, director of market analyst SRCG
, agrees that competition from the multiples has had a positive effect.
MBL's range is next in line for simplification and a contract with convenience consultancy SRCG
has just been signed to simplify 18 key categories to create the 'perfect offer'.