Morrisons’ wholesale business drove the multiple forward in the first quarter, with a 2.1% increase in like-for-like sales compared with just 0.2% from retail.
Sainsbury’s pre-tax profits plunged 41.6% to £239m in the year to 9 March, driven in part by the failure of its proposed merger with Asda.
Londis is celebrating its 60th anniversary this year with a host of promotional activity including consumer prize draws.
The Competition and Markets Authority (CMA) has blocked the proposed merger of Sainsbury’s and Asda after concluding that “UK shoppers would be worse off”.
Almost one year on from the Co-op Group’s takeover of Nisa, store owners are receiving their first trading-related share payments and painting an improving picture of margins and store support, but say that plenty more still needs to be done.
A number of independent Nisa and Costcutter retailers are set to become Co-op franchisees by the end of the financial year, C-Store has learned.
The Co-op Group has announced the fastest growth in its food business in seven years, and a 4.4% rise in like-for-like food sales, following the acquisition of Nisa last year.
Co-op own brand products now account for 16% of all Nisa sales volume, or one in six products sold, the group has reported.
Wholesale buying group Confex has revealed its three-year strategy for growing its business and increasing membership, with a focus on digital and app-based platforms.
Nisa is set to roll out a further 1,000 Co-op own brand products to independent Nisa and Costcutter stores, which will subsequently have access to more than 80% of the full Co-op range.
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.