Costcutter news

02 October 2018
Major UK symbol group operator, Costcutter (part Bibby Line Group) has revealed sales down 18.5% to £512m for the year to 31 December 2017.  Store numbers declined to 1,776 at year-end as a result of lost members and exits from unprofitable contracts.  And performance was also impacted by falling service levels from, and the eventual collapse of, its supply partner Palmer & Harvey. Further loss...
05 July 2018
Costcutter's new supply deal with Co-op has now been rolled out to all stores in its network, putting an end to over six months of contingency arrangements, in the wake of the collapse of former distribution partner Palmer & Harvey.  The turbulence of the last year saw some 400 stores leave the symbol group, leaving the total number in the network at 1,776 at the end of 2017.  However, it has con...
13 June 2018
Costcutter founder Colin Graves has joined the Co-op as an advisor on its wholesale and franchise development plans. Chair of new Wholesale and Franchise Advisory Board Graves will chair Co-op’s new Wholesale and Franchise Advisory Board.  The board was created following the Co-op’s £137.5m takeover of Nisa which completed last month, and the start of its wholesale supply agreement with Gra...
22 May 2018
Former Tesco executive, Mike Hollis, has been announced as the new Retail Director at Costcutter Supermarkets; replacing Jenny Wilson, who has left the business after three-and-a-half years with the group. Broad retail experience in UK and abroad Having spent the last four years as Chief Operating Officer at DIY retailer Wickes, Mike Hollis' career has included senior roles at Coles in Aust...
05 December 2017
With the last Costcutter deliveries made by collapsed wholesaler, Palmer & Harvey, now at least a week ago, distributor Nisa has announced that it is providing stop-gap supply to some Costcutter stores, covering the interval before the launch of the new wholesale deal with Co-op in the Spring. How many of the 2,200 stores in the Costcutter network are covered is not clear, but presumably they ...
30 November 2017
Following the announcement that the UK's largest delivered wholesaler Palmer & Harvey is now in administration, PwC, the administrators, have advised the company's customers that it cannot provide any further wholesale service and that even orders placed before the administration cannot now be honoured.  Therefore customers "will need to arrange an alternative source of supply going forward."   ...
29 November 2017
Following the collapse of Costcutter's supply partner Palmer & Harvey, it has been announced that the symbol group has signed an agreement with Co-op, by which it will become the exclusive wholesale supplier to the 2,200 Costcutter, Mace, Simply Fresh, Supershop and kwiksave stores.  The five-year deal will commence formally in Spring 2018, though with P&H ceased trading, Co-op is now exploring p...
02 October 2017
Costcutter, one of the UK's leading retail symbol groups has reported sales of £622m for the full year 2016, down 9.8%.  The decline was driven by both business in the UK, with sales down 6.2% to £616m, but also in Europe where sales fell by 79.3% to just £7m.  At the end of the period Costcutter store numbers were down to 2,200 across its combined fascias (Costcutter, Mace, Simply Fresh, Kwiksav...
20 September 2017
Coscutter has launched a new ‘Meal for Tonight’ campaign to help retailers increase basket-spend. The symbol group is also rolling out its largest ever ‘Freshers Week’ campaign. Cook at home meals for £5 or less The new campaign is designed to drive basket-spend through link purchases across different categories. Shoppers can create easy meals in under 30 minutes, for £5 or less, by choosin...
27 July 2017
Costcutter has launched a Facebook Canvas advert to support its multi-channel “Tasty in No Time” own-brand campaign. “Tasty in no Time” The group launched the Facebook Canvas at the start of July, which focuses on its ‘Tasty in no Time’ summer burger recipe, using all own-brand independent products. The original campaign was launched in April and features ‘food for tonight’ recipe suggestio...