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Profile: SPAR Group Inc (SGRP.OQ)

SGRP.OQ on NASDAQ Stock Exchange Capital Market

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Spar Group, Inc. (SGRP), incorporated on November 29, 1995, is an international merchandising and marketing services company. The Company provides its merchandising and other marketing services to manufacturers, distributors and retailers across the world, primarily in mass merchandisers, office supply, grocery, drug store, independent, convenience, toy, home improvement and electronics stores. The Company operates through two segments: the Domestic Division and the International Division. The Domestic Division provides merchandising and marketing services, furniture and other product assembly services, audit services and technology services to manufacturers, distributors and retailers in the United States. Those services are primarily performed in mass merchandisers, office supply, grocery, drug store, dollar, home improvement, convenience, toy and electronics stores. The International Division provides merchandising, marketing services and in-store event staffing through subsidiaries in Japan, Canada, South Africa, India, China, Australia, Mexico and Turkey. It also provides furniture and other product assembly services in stores, homes and offices. The Company operates in over nine countries, including the United States, Canada, Japan, South Africa, India, China, Australia, Mexico and Turkey.

The Company's merchandising services primarily consist of regularly scheduled, special project and other product services provided at store level. The Company's services include restocking and adding new products, removing spoiled or outdated products, resetting categories on the shelf in accordance with client or store schematics, confirming and replacing shelf tags, setting new sale or promotional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. Its other merchandising services include whole store or departmental product sets or resets, including new store openings, new product launches and in-store demonstrations, special seasonal or promotional merchandising, focused product support and product recalls. The Company also provides technology services and marketing research services. The Company provides an array of services to companies, both domestically and internationally. The Company provides over six principal types of merchandising and marketing services, including syndicated services, dedicated services, project services, assembly services, audit services and in-store event staffing services.

The syndicated services consist of regularly scheduled, routed merchandising and marketing services provided at the retail store level for retailers, manufacturers and distributors. The Company's syndicated services include activities, such as reordering and replenishment of products; ensuring that the Company's clients' products authorized for distribution are in stock and on the shelf or sales floor; adding new products that are approved for distribution but not yet present on the shelf or sales floor; designing and implementing store planogram schematics; setting product category shelves in accordance with approved store schematics; ensuring that product shelf tags are in place; checking for overall salability of the clients' products; placing new product and promotional items in prominent positions, and kiosk replenishment and maintenance. The dedicated services consist of merchandising and marketing services, which are performed for a specific retailer or manufacturer by an organization, including a management team working for that retailer or manufacturer. These services include activities detailed in syndicated services, as well as new store set-ups, store remodels and fixture installations.

The project services consist primarily of specific in-store services initiated by retailers and manufacturers, such as new store openings, new product launches, special seasonal or promotional merchandising, focused product support, product recalls, in-store product demonstrations and in-store product sampling. The Company also performs other project services, such as kiosk product replenishment, inventory control, new store sets and existing store resets, re-merchandising, remodels and category implementations, under annual or stand-alone project contracts or agreements. The assembly services are initiated by retailers, manufacturers or consumers, and upon request it assembles furniture, grills, and other products in stores, homes and offices. The Company performs ongoing routed coverage at retail locations. In addition, the Company provides in-home and in-office assembly to customers purchasing their product from retailers, whether in store, online or through catalog sales.

The Company provides in-store product samplings and in-store product demonstrations and national sales in national chains in markets across the world. The retail compliance and price audit services are initiated by retailers and manufacturers and focus on the services, including validate store promotions; audit compliance with corporate branding and signage; verify product placement, displays and point-of-sale (POS) materials, among others; collect inventory levels and out-of-stock status; provide current, accurate pricing intelligence; competitive price audits (by product, by market), and Internal price audits. The other marketing services include mystery shopping and data collection. The mystery shopping include calling anonymously on retail outlets (stores, restaurants, banks) to check on distribution or display of a brand and to evaluate products, service of personnel, condition of store and others. Data Collection consists of gathering sales and other information systematically for analysis and interpretation.

Company Address

SPAR Group Inc

333 Westchester Ave Ste 204
WHITE PLAINS   NY   10604-2932
P: +1914.3324100
F: +1914.3320741

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