Nisa news

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...
02 July 2015
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...
29 June 2015
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...
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...
15 April 2015
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...
25 March 2015
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...
06 January 2015
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...