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Nisa (retailer)

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Nisa Retail Limited
Formerly
  • Northern Independent Supermarkets Association (Wholesale) Limited (1970–1979)[1]
  • Nisa Limited (1979–1989)[1]
  • Nisa-Today's Limited (1989–1992)[1]
  • Nisa-Today's (Holdings) Limited (1992–2012)[1]
Company typeSubsidiary
IndustryRetail, wholesale
Founded1977; 47 years ago (1977)[2]
Headquarters
Scunthorpe, Lincolnshire
,
United Kingdom
Area served
UK
Key people
  • Dudley Ramsden and Peter Garvin, Founders[2]
  • Peter Batt, Managing Director[3]
RevenueDecrease £1.388 billion (2022)[4]
Number of employees
213[5]
ParentThe Co-operative Group
Websitewww.nisalocally.co.uk Edit this at Wikidata

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]

History

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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 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

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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.[20]

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.[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

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  1. ^ a b c d "Nisa Retail Limited". Companies House. 29 May 1970. Retrieved 21 March 2024.
  2. ^ a b "Strategy & Structure". Nisa Retail Limited. Retrieved 20 May 2008.
  3. ^ Rebecca Harvey (9 May 2018). "Nisa appoints new CEO as Co-op Group completes its acquisition". Co-operative News.
  4. ^ Read, Nick. "Nisa Retail Annual Reports and Accounts". Nisa. Nisa Retail Ltd. p. 12.
  5. ^ a b "Meet The Key People". Nisa Retail Limited. Retrieved 11 April 2018.
  6. ^ "Nisa is pronounced 'Nicer', company confirms". York Vision. 13 June 2014. Retrieved 29 January 2018.
  7. ^ "Co-op completes acquisition of Nisa Retail Limited". co-operative.coop (Press release). 8 May 2018.
  8. ^ The History of Nisa Nisa Retail (retrieved 29 December 2021)
  9. ^ "Local retailers planning merger". BBC News on bbc.co.uk. 10 May 2006.
  10. ^ Locally, Nisa. "The Nisa Story". Nisa Locally. Retrieved 2 April 2024.
  11. ^ "Nisa's chairman to step down", Yorkshire Post, 2 November 2006
  12. ^ "Nisa-Costcutter deal collapses". 23 October 2006.
  13. ^ "Today's split from Nisa set for go-ahead".
  14. ^ "Landmark-Today's merger completes to form Unitas Wholesale".
  15. ^ Bowden, Grace (5 January 2015). "Nisa names Nick Read as chief executive as it ramps up expansion plans". Retail Week. Retrieved 26 August 2024.
  16. ^ Cambridge, Lyndsey (4 December 2020). "Nick Read Big Interview: making the Post Office pay". The Grocer. Retrieved 26 August 2024.
  17. ^ Julia Kollewe (13 November 2017). "Co-op buys Nisa for £143m after members back takeover". The Guardian.
  18. ^ Butler, Sarah (6 April 2018). "Co-op plans to take over failing schools in north of England". The Guardian. Retrieved 19 April 2018.
  19. ^ Laister, David (16 December 2019). "500 stores recruited by Nisa in 2019". birminghampost. Retrieved 20 March 2020.
  20. ^ Retail Times https://www.retailtimes.co.uk/nisa-unveils-new-loco-fascia-and-targets-150-smaller-stores/
  21. ^ "CK's Supermarkets". www.cksupermarkets.co.uk. C K's Supermarkets. Retrieved 30 May 2017.
  22. ^ "Nisa Retail Limited". Endole Insights.
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