Nisa news

30 September 2016
Leading buying consortium and distributor to the UK's independent convenience retailing sector, Nisa has updated on its trading performance for the 26 weeks to 2 October, reporting sales up 1.1% to reach £666m in the period.  Growth was underpinned by ongoing recruitment of new members, with 184 stores welcomed to the network over the half. Focus on fresh produce paying dividends Following...
01 July 2016
Leading UK convenience distributor Nisa Retail has announced full year results for 2015/16, posting a return to profitability, with adjusted earnings of £7.3m, on sales of £1,309m.  After a 'challenging' year the business has now been successfully stabilised with the reduction of central overheads, the exiting of unprofitable accounts and the successful recruitment of new commercial contracts. ...
15 April 2016
Major distributor to the UK's independent convenience retail sector, Nisa Retail has reported sales up 4.9% in the 13 weeks to 27 March 2016.  This puts it on track to return to growth in the full year, after the major negative impact seen in 2014/15 following the ending of its supply agreement with Costcutter.  The ongoing recovery is also forecast to bring a return to profitability, with EBITDA...
04 February 2016
At My Local's first ever supplier conference, CEO Mike Greene has revealed that trading is £25m below the level achieved when the stores were owned by Morrisons. However he expects the business to move beyond M local levels by April as new footfall drivers come into play, including trial partnerships with Costa Coffee and Starbucks-owned Seattle's Best Coffee, according to reports in The Grocer. ...
04 February 2016
Press reports have revealed that the supply relationship between leading convenience buying consortium and distributor, Nisa Retail and 31 store regional retail chain, North East Convenience Stores (NECS) is to be terminated as of 1 August 2016.  NECS, which has been a Nisa member for 16 years, has grown to become a significant, and innovative, regional operator across both Tyneside and Teeside. ...
25 January 2016
Leading UK convenience buying group and distributor, Nisa Retail has revealed that in the first three quarters of 2015/16 member store numbers increased by 374.  This takes the total number across its network to over 3,000 for the first time since it lost the supply contract with Costcutter in 2014. 199 stores added in Q3 alone Over half (199) of the stores recruited between March and Decem...
18 January 2016
Major distributor to the UK's independent convenience retail sector, Nisa has announced trading figures for the 10 weeks to 3 January 2016, covering the crucial Christmas trading period, revealing sales up 6.3% over the same period a year earlier, to reach £254.3m.  With the grocery sector as a whole facing significant headwinds from ongoing deflation this Nisa result shows shows strong volume gr...
04 December 2015
Nisa Retail has announced a new deal with Channel Islands-based retail company Sandpiper CI, worth £75m over five years. Building on 30 year partnership The deal provides as extension to an existing longstanding partnership of 30 years, which sees Nisa secure the business as supplier of its grocery lines to Sandpiper CI.Sandpiper CI operates across Jersey and Guernsey with a portfolio of...
26 November 2015
Audited figures filed with Companies House by Nisa Retail, the convenience buying consortium and distributor, show that the business suffered an operating loss of £10.5m in the year 2014/15.  Impacted by the loss of the major supply contract with the symbol group Costcutter, sales fell by 15.5% to £1,361m, and distribution volumes by 13.4%.  And management has stated that slowness in responding t...
10 September 2015
Independent convenience buying and distribution consortium Nisa, has been named as the key supply partner to support the chain of 140 convenience stores sold yesterday by Morrisons, to a team lead by Mike Greene and backed by Greybull Capital.  The M Local stores, to be rebranded My Local, will be serviced by Nisa for an initial contract period of five years, in a deal estimated to be worth £200m...