Costcutter news

10 September 2015
Major UK delivered wholesaler, Palmer & Harvey, and the biggest specialist distributor to the country's convenience market, has announced sales of £4,466m for the year to April 2015, up 6%.  These results are the first reported since the initiation of the eight year supply deal with symbol group Costcutter, which began in mid 2014, and which was expected to bring a boost of some £300m to Palmer &...
22 May 2015
Store numbers across the convenience channel continue to rise, with many groups and retailers adding a considerable number of new sites over the latest 12 months, according to the latest data from IGD Retail Analysis and William Reed Business Media. However, further growth was moderated by rationalisation amongst certain retailers. Number of stores 2014 Number of stores 2...
10 October 2014
Major national symbol group Costcutter has acquired a 20% stake in the Simply Fresh retail brand, the Kenilworth-based operation launched in 2009 by Kash and Sukhjit Khera to bring a more premium and fresh-focused package to the UK symbol sector.  This investment formalises the existing agreement whereby Simply Fresh stores are supplied as part of the Costcutter network, ordering through Costcutt...
02 October 2014
Major symbol group operator, Costcutter has announced the appointment of Jenny Wilson as its new marketing director, succeeding  Richard Coates, who filled the role in an interim capacity over the last year.  She will take up the role in November. Joins Costcutter from 3663 Jenny Wilson joins Costcutter from national foodservive wholesaler 3663, where she was Director of Marketing and Fre...
30 June 2014
The UK convenience market is set to be worth £49bn by 2019, according to the latest IGD Retail Analysis forecasts. This represents an increase of over 30% from its current value of £37bn. Shoppers in the UK are spreading more of their spending across a variety of grocery 'channels', such as hypermarkets, online etc. Our latest ShopperVista research shows that nearly all shoppers (95%) use at...
24 June 2014
Major UK symbol group operator Costcutter Supermarkets Group has announced that Huw Edwards has been appointed trading director with immediate effect.  He replaces Vicki Reay (previously with Spar UK) who joined the group in 2013. Moves over from The Buyco Huw Edwards moves into the Costcutter trading role from an interim position with The Buyco, the joint venture buying company set up by...
10 June 2014
In an interview with the Financial Times, Sir Michael Bibby Managing Director of Costcutter's parent company, Bibby Line Group, has indicated that the business has ambitious plans for the symbol group, aiming to make it the biggest in UK convenience retailing.  Long term the goal is to more than double the number of group stores to 6,000.  Currently the largest single group is Booker's Premier, w...
02 June 2014
Still young by the standards of UK symbol groups, Simply Fresh was launched only in 2009, and already has 48 member stores.  Now in an interview with the Grocer magazine director Kash Khera has revealed the group has plans to grow to 350 stores by 2019. 70 new stores in the current year With its next opening scheduled for Kenilworth, Warwickshire, next week, this will be followed by anoth...
14 May 2014
Following the transfer of Palmer & Harvey's symbol group operations to Costcutter Supermarkets Group, the Group has set out its strategy to evolve the combined portfolio of retail brands over the next five years.  Focused around the three core priority brands of Costcutter, kwiksave and Mace, the strategy sets out the values and guidelines for each to offer a structured and differentiated positio...
16 April 2014
Major national symbol group, Costcutter has gained a significant new member in the Channel Islands, giving it a presence on Jersey for the first time.  Local chain J Mart Ltd, operates 18 stores on the island of Jersey, which include two forecourt sites as well as four stores with Post Offices.  This follows a strong year of recruitment for Costcutter in 2013, during which it gained 353 new retai...