Nisa Retail Limited (/ˈnaɪsə/ NY-sə;[6] formerly Nisa-Today's and Northern Independent Supermarkets Association) is a groceries wholesaler (or "symbol group") operating in the United Kingdom. It is a wholly owned subsidiary of the Co-operative Group, though itself not a cooperative.[7]
 Logo used since 2008 | |
| Formerly | |
|---|---|
| Company type | Subsidiary |
| Industry | Retail, wholesale |
| Founded | 1977[2] |
| Headquarters | , |
Area served | UK |
Key people | |
| Revenue |  £1.388 billion (2022)[4] |
Number of employees | 213[5] |
| Parent | The Co-op |
| Website | www |
History
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Nisa was founded as the Northern Independent Supermarkets Association by Peter Garvin and Dudley B. Ramsden in 1977.[8] It was formed as a mutual organisation owned by its members and operating "...like a co-operative, using the collective buying power of the large group of members to negotiate deals with suppliers".[9]
In 1987, it merged with The Today’s Group to become Nisa-Today’s.[10]
In 2006, a merger with Costcutter, another symbol group, was proposed, but ultimately fell through, after concerns about a cartel[11] forming were reported to the Office of Fair Trading by members of Nisa-Today's who opposed the merger.[12]
In 2012, Nisa-Today's demerged into Nisa and Today's Group.[13] Today's Group subsequently merged with Landmark Wholesale in 2018 to form Unitas Wholesale.[14]
Nick Read was appointed as Nisa CEO in February 2015,[15] and began what The Grocer described as a "hard-fought turnaround".[16]
In November 2017, Nisa's 1,190 members approved the purchase of the business by the Co-operative Group.[17] The acquisition was subject to regulatory approval by the Competition and Markets Authority, and was finalized in May 2018.[18] In 2019, Nisa recruited more than 500 stores, representing a 40% increase in the number of outlets being signed.[19]
Operations
editNisa's headquarters and one of its ambient distribution centres are co-located in Scunthorpe, North Lincolnshire. It also has distribution centres for temperature controlled products at Stoke-on-Trent, Staffordshire; Harlow, Essex and Livingston, West Lothian.
As of 2011[update], some stores are branded under the LoCo fascia.[20]
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As of 2016[update], Nisa Retail Limited supplies over 4,000 convenience shops and small supermarkets, including the Costcutter symbol group[5] and CK Foodstores in Wales.[21] According to accounts for year ending on 31 March 2014, Nisa Retail Limited had an estimated net worth of £30.77 million.[22]
References
edit- ^ a b c d "Nisa Retail Limited". Companies House. 29 May 1970. Retrieved 21 March 2024.
- ^ a b "Strategy & Structure". Nisa Retail Limited. Retrieved 20 May 2008.
- ^ Rebecca Harvey (9 May 2018). "Nisa appoints new CEO as Co-op Group completes its acquisition". Co-operative News.
- ^ Read, Nick. "Nisa Retail Annual Reports and Accounts". Nisa. Nisa Retail Ltd. p. 12.
- ^ a b "Meet The Key People". Nisa Retail Limited. Retrieved 11 April 2018.
- ^ "Nisa is pronounced 'Nicer', company confirms". York Vision. 13 June 2014. Retrieved 29 January 2018.
- ^ "Co-op completes acquisition of Nisa Retail Limited". co-operative.coop (Press release). 8 May 2018.
- ^ The History of Nisa Nisa Retail (retrieved 29 December 2021)
- ^ "Local retailers planning merger". BBC News on bbc.co.uk. 10 May 2006.
- ^ Locally, Nisa. "The Nisa Story". Nisa Locally. Retrieved 2 April 2024.
- ^ "Nisa's chairman to step down", Yorkshire Post, 2 November 2006
- ^ "Nisa-Costcutter deal collapses". 23 October 2006.
- ^ "Today's split from Nisa set for go-ahead".
- ^ "Landmark-Today's merger completes to form Unitas Wholesale".
- ^ Bowden, Grace (5 January 2015). "Nisa names Nick Read as chief executive as it ramps up expansion plans". Retail Week. Retrieved 26 August 2024.
- ^ Cambridge, Lyndsey (4 December 2020). "Nick Read Big Interview: making the Post Office pay". The Grocer. Retrieved 26 August 2024.
- ^ Julia Kollewe (13 November 2017). "Co-op buys Nisa for £143m after members back takeover". The Guardian.
- ^ Butler, Sarah (6 April 2018). "Co-op plans to take over failing schools in north of England". The Guardian. Retrieved 19 April 2018.
- ^ Laister, David (16 December 2019). "500 stores recruited by Nisa in 2019". birminghampost. Retrieved 20 March 2020.
- ^ Retail Times https://www.retailtimes.co.uk/nisa-unveils-new-loco-fascia-and-targets-150-smaller-stores/
- ^ "CK's Supermarkets". www.cksupermarkets.co.uk. C K's Supermarkets. Retrieved 30 May 2017.
- ^ "Nisa Retail Limited". Endole Insights.
External links
edit
Media related to Nisa (retailer) at Wikimedia Commons- Official website
