Nisa news

As we enter the second half we round up the most significant recent management changes at Britain's top retailers. Matt Davies: joins Tesco as UK & Ireland CEO The ex-Halfords boss started his new role at Tesco in May and will be a crucial figure in delivering Tesco's recovery. On last week's Q1 results analyst call, Dave Lewis spoke highly of his new colleague and the 'very strong positiv...

In its first annual results in the aftermath of the loss of its biggest single member, Costcutter, Nisa has reported sales of £1.4bn for the year to 31 March 2015, down from £1.6bn in 2014.  Faced by the challenges of losing Costcutter, as well as the highly competitive and deflationary trading environment, the consortium incurred an operating loss of £3m, falling from a £6m profit in the previou...

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...

The new head of the leading UK independent retail buying consortium, Nisa, has implemented a number of changes in the senior management team, as he begins to shape his vision of the business for the future.  Key new appointments include Stewart Smith as Trading Director and Guy Smith as interim Chief Financial Officer.  As part of the changes Raj Krishan, Format & Development Director; Wayne Swal...

Q1 2015 has seen some major changes to several UK retailers' senior teams as the grocery industry faces yet another challenging year. Here we summarise the most significant changes. Asda Asda CEO and president Andy Clarke has streamlined his senior team by promoting existing directors to drive forward the strengthening the Asda brand: Barry Williams has been promoted to chief...

Leading UK independent retail buying consortium and distributor Nisa has revealed that it has appointed Nick Read to replace Neil Turton as chief executive.  He will take up the role next month (February), as Neil Turton leaves after seven years in the top job and a total of 23 years with the business. Brings extensive and diverse experience in customer facing businesses Nick Read will jo...

Accounts filed with Companies House show that total turnover at Nisa Retail Central Distribution, the leading consortium supplying independent convenience stores in the UK, grew by 10.5% in 2013/14 to reach £1,611m.  This represents a volume distributed to members up 12.9% to 124m cases. Growth driven by new business with McColls Retail Overall member numbers saw net growth of 51 during t...

Nisa has announced its chief executive, Neil Turton, and chief operating officer, Amanda Jones, are to leave the business. Senior roles elsewhere Chief executive Neil Turton, who has been with the business for 23 years, and CEO since 2007, has announced that he will leave the symbol group in spring 2015 to join an unnamed company, which is not in competition with Nisa. In the same announce...

Leading distributor to the UK independent grocery retailing sector, Nisa, enjoyed some of its highest demand ever over the recent Easter week.  During the week commencing 14 April volumes distributed through its central distribution service far exceeded the peaks seen during the heat wave in July 2013, with temperature controlled volumes up 19% and ambient volumes up 10%. Logistics investment...

Leading UK buying consortium and symbol group, Nisa has announced sales of £1.58bn for the full year 2013/14, up 10.5%.  Volumes grew even faster, rising by 12.9%; boosted by the successful recruitment of over 690 new member stores in the course of the year. This year to see 'a slip drop in turnover' Though Nisa has grown strongly in this latest year, the loss of the contract to supply Co...