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BUILD IT

SPAR

Build it is a stand-alone building materials outlet and stocks a range of basic building and hardware products. The format is aimed at home builders/renovators in lower to middle income sectors. Membership open and is controlled by The Build it Guild. 

INTRODUCTION

Build it experienced a very strong trading year. Retail sales of R5.4 billion and wholesale sales at R3.3 billion both increased 19% on the prior year. When compared to the sluggish growth in the general building market, this performance was outstanding. Housebrand products continue to play an increasingly important role in assisting retailer profitability. Sales of this increased range rose by 23% for the year. Overall profitability of the divisions increased by 47% as a result of improved margins and a significant improvement in bad debt impairments and related costs.
 

STRATEGY

The 10 000 m² SPAR Group Imports Warehouse opened in the third quarter of 2010, as planned. This facility handles an extensive range of imported hardware for distribution to Build it retailers around the country. Sales are increasing at a satisfactory rate, despite initial setbacks due to delays in inward delivery of imported product. A further 18 new Build it stores are forecast to open in 2011.
 

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