Nisa-Today's

Nisa (retailer)

Nisa (retailer)

Groceries wholesaler in the United Kingdom

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]

Quick Facts Formerly, Company type ...

History

Nisa Local shop in Bingley in June 2012

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 (then) 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]

In November 2017, Nisa agreed to be purchased by the Co-operative Group.[15] The acquisition was subject to regulatory approval by the Competition and Markets Authority, and was finalized in May 2018.[16] In 2019, Nisa recruited more than 500 stores, representing a 40% increase in the number of outlets being signed.[17]

Operations

Nisa'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.

Nisa logos
Nisa-Today's logo used from 2000s to 2008
Nisa-Today's logo used from 2008 to 2013

As of 2011, some stores are branded under the LoCo fascia.[18]

Nisa Extra shop in Rathfriland in October 2011

As of 2016, Nisa Retail Limited supplies over 4,000 convenience shops and small supermarkets, including the Costcutter symbol group[5] and CK Foodstores in Wales.[19] According to Company Accounts submitted for year ending on 31 March 2014, Nisa Retail Limited has an estimated net worth of £30.77 million.[20]

See also

References

  1. [1]
    "Nisa Retail Limited overview - Find and update company information - GOV.UK". Companies House. 29 May 1970. Retrieved 21 March 2024.
  2. [2]
    "Strategy & Structure". Nisa Retail Limited. Retrieved 20 May 2008.
  3. [3]
    Rebecca Harvey (9 May 2018). "Nisa appoints new CEO as Co-op Group completes its acquisition". Co-operative News.
  4. [4]
    Read, Nick. "Nisa Retail Annual Reports and Accounts". Nisa. Nisa Retail Ltd. p. 12.
  5. [5]
    "Meet The Key People". Nisa Retail Limited. Retrieved 11 April 2018.
  6. [6]
    "Nisa is pronounced 'Nicer', company confirms". York Vision. 13 June 2014. Retrieved 29 January 2018.
  7. [7]
    "Co-op completes acquisition of Nisa Retail Limited". co-operative.coop (Press release). 8 May 2018.
  8. [8]
    The History of Nisa Nisa Retail (retrieved 29 December 2021)
  9. [9]
    "Local retailers planning merger". BBC News on bbc.co.uk. 10 May 2006.
  10. [10]
    Locally, Nisa. "The Nisa Story". Nisa Locally. Retrieved 2 April 2024.
  11. [11]
    "Nisa's chairman to step down", Yorkshire Post, 2 November 2006
  12. [12]
    "Nisa-Costcutter deal collapses". 23 October 2006.
  13. [13]
    "Today's split from Nisa set for go-ahead".
  14. [14]
    "Landmark-Today's merger completes to form Unitas Wholesale".
  15. [15]
    Julia Kollewe (13 November 2017). "Co-op buys Nisa for £143m after members back takeover". The Guardian.
  16. [16]
    Butler, Sarah (6 April 2018). "Co-op plans to take over failing schools in north of England". The Guardian. Retrieved 19 April 2018.
  17. [17]
    Laister, David (16 December 2019). "500 stores recruited by Nisa in 2019". birminghampost. Retrieved 20 March 2020.
  18. [18]
    Retail Times https://www.retailtimes.co.uk/nisa-unveils-new-loco-fascia-and-targets-150-smaller-stores/
  19. [19]
    "CK's Supermarkets | Your local, independent food retailer". www.cksupermarkets.co.uk. C K's Supermarkets. Retrieved 30 May 2017.
  20. [20]
    "Nisa Retail Limited". Endole Insights.
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