The latest accounts for Costcutter Supermarkets Group show that the organisation has continued to lose money in 2018, but the management team remains confident that the group has turned a corner back into positive territory following the new supply deal with the Co-op.
Sainsbury’s and Asda have offered to sell up to 150 supermarkets and a number of convenience stores to allow their proposed merger to go ahead, amid concerns raised by the Competition and Markets Authority (CMA).
Two university-based Co-op franchise stores are set to open in Kent, following the launch of the pioneering Leeds University franchise site last month.
Unitas Wholesale has made significant progress in delivering “a competitive commercial package” for its independent retailers, including faster access to NPD and enhanced rates for food to go services, according to managing director Darren Goldney.
Morrisons achieved its £700m annualised wholesale supply sales target in the year to February, and remains on target to exceed £1bn in wholesale sales, the multiple announced in its latest annual results.
Booker is offering retailers enhanced margins on key lines following pressure from customers.
McColl’s has announced the trial of the Morrisons Daily fascia at 10 of its stores in the North West.
Leeds University Union (LUU) has opened its new Co-op franchise store, the first of its kind on a university campus.
The proposed merger between Sainsbury’s and Asda is in jeopardy after phase two of the Competition and Markets Authority’s (CMA) investigation provisionally found “extensive competition concerns.”
McColl’s Retail Group has announced an 8.1% increase in total revenue in the year ending 25 November 2018, but supply chain disruption was blamed for a drop in pre-tax profit to £7.9m.
The Co-op Group has announced it now has the capability to deliver franchising “at scale”, while launching a new website and setting out criteria for potential franchisees.
The first Co-op franchise store on a university campus is set to open in Leeds in February, as the group looks to actively recruit independent Nisa and Costcutter stores as franchisees.
The introduction of more than 800 Co-op products into Costcutter-supplied stores is helping to drive standards across the group, Costcutter claims.
Nisa stores that converted to the latest Evolution format over the past 12 months have enjoyed an average sales rise of 11.8%, according to the symbol group.
The Co-op Group has announced a 10% increase in sales for the first half of 2018 to £5bn, driven by a strong food sales performance and the completion of its acquisition of Nisa.
The third wave of Co-op own label products has just been made available to Nisa-supplied stores, with retailers and shoppers reacting positively to the bolstered range.
McColl’s has blamed a 0.9% drop in like-for-like third quarter sales - recorded during the summer heatwave - on continued supply chain disruption caused by the collapse of wholesaler Palmer & Harvey.
Bestway Retail has unveiled a new set of terms for its franchisees following the acquisition of the Bargain Booze business
Bestway Wholesale has formally completed the purchase of the former A.F Blakemore depot in Walsall.
Nisa and Costcutter retailers have reacted positively to the introduction of Co-op own-brand products in their stores.
The Co-operative Group recently made a £15m bid for the Costcutter Supermarket Group, according to reports by Sky News.
All Costcutter stores have now transitioned into the new Co-op/Nisa supply chain and will shortly be receiving their first order of Co-op own brand products.
Nisa retailers have started placing orders for the Co-op Group’s own label range, which will be introduced into independent stores over the next few weeks.
The publication of new trading terms for Costcutter members as a result of the new supply deal with the Co-op has kicked off a row within Nisa, as some members believe they could be unwittingly subsidising the deal.
The Co-op Group has promised Nisa retailers access to an initial 800 Co-op own brand lines and cost price reductions of up to 20% on a number of lines, as well as continued access to Nisa’s Heritage own brand.
The Co-op Group has completed its acquisition of Nisa Retail and announced former Tesco executive Ken Towle as chief executive of the distributor.
The Co-op Group’s takeover over Nisa has received final court approval, with completion set for Tuesday 8 May.
Conviviality-affiliated retailers are reporting that stock levels have stabilised, just under one month after Conviviality’s Retail arm was acquired by Bestway.
Bestway is to retain all stores inherited as part of its acquisition of Conviviality Retail and run them as a company-owned c-store division, the wholesaler has confirmed.
Bestway Wholesale has bought Conviviality’s retail arm, a day after the company entered administration