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Last $1.32 USD
Change Today 0.00 / 0.00%
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SGRP On Other Exchanges
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

spar group inc (SGRP) Key Developments

Spar Group Inc. Appoints Kyle Watkins as a VP Business Development for its U.S Operations

SPAR Group Inc. 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. 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 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.

SPAR Group, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

SPAR Group Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $29,467,000 against $30,924,000 a year ago. Operating income was $513,000 against $1,010,000 a year ago. Income before income tax expense was $464,000 against $1,037,000 a year ago. Net income attributable to company was $29,000 or $0.00 per share against $577,000 or $0.03 per share a year ago. For the six months, the company reported net revenues of $58,733,000 against $58,960,000 a year ago. Operating income was $862,000 against $936,000 a year ago. Income before income tax expense was $782,000 against $936,000 a year ago. Net loss attributable to company was $46,000 or $0.00 per share against net income of $208,000 or $0.01 per share a year ago.

Spar Group Seeks Acquisitions

Jim Segreto, Chief Financial Officer of Spar Group Inc. (NasdaqCM:SGRP) said, "We are looking at acquisitions and do have a strong pipeline, whether it's on the domestic front or abroad. And it varies by country".

Spar Group Inc., Q2 2015 Earnings Call, Aug 17, 2015

Spar Group Inc., Q2 2015 Earnings Call, Aug 17, 2015

Spar Group Inc. Launches SPARtrac Global Retail Service Operations System

Spar Group Inc. announced the launch of its SPARtrac Global Retail Service Operations System. The enhanced system, culminating years of research, development and testing, has been designed to provide retailers and manufacturers the most comprehensive set of tools for more efficiently managing retail services including general merchandising, demonstrations, promotional events, sales assist, audits and assembly. By providing more operational visibility and control, SPARtrac provides a clearer picture of what is happening on the sales floor and speeds up reaction times to maximize product movement, while optimizing field efficiencies at the same time. The combination of more visibility, speed, control, accuracy and efficiency in moving product through the store leads to more sales and profits. A few specific key benefits include: More than 170 applications for automated management and visibility of everything from personnel and workflow management to data collection and reporting to issue tracking and resolution. Most competitor systems manage only a handful of applications. Unlimited data point collection. Most collect only a few. Uninterrupted data collection with no connectivity needed. With most others, merchandisers need to find data connection to collect store data, slowing the work down considerably. Multi-lingual capabilities that seamlessly connect multiple countries around the world, thus improving the visibility and management of international operations. Adaptive technology: SPARtrac integrates with client systems, is customizable to solve specific client needs, and incorporates the latest technologies and tools from across the globe, including image recognition software for more efficient auditing. Workflow management and data reporting by country, district, retailer, state, store, fixture, UPC, merchandiser and more. Six Sigma reliability levels with 24/7/365 tech support worldwide. The SPARtrac Global Retail Service Operations System is fully operational now for use by all SPAR Clients. Its launch coincides with a re-launch of SPAR's website, which includes a portal for clients to log into the SPARtrac system and access real-time data to aid in making critical business decisions quickly. The new dashboard allows Clients to quickly see topline results and identify trends with graph and chart summaries, view an execution heat map to see where store visits are scheduled, completed and pictures have been taken, access the SPAReyes Photo/Video Manager, track issues, and drill down to specific data of interest to them with a quick click. Clients can also access all data wherever they are using the system's SPAR On The Go mobile app.


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