Strong festive sales for Nisa
Sales in the 10 weeks to 31 December grew 17.7% yoy
Nisa saw sales grow 17.7 per cent over the Christmas sales period, up to £277.2m from £235.6m in the same period last year.
The wholesaler and convenience group, which at the end of last year agreed to be acquired by Co-op for £140m, said the 10-week performance was driven by an increase in the numbers of stores served, and a positive like-for-like performance, which increased by 1.7 per cent on the back of by investment in seasonal promotions.
Arnu Misra, CEO Nisa Retail, said: “I’m pleased to report that Nisa has enjoyed good Christmas trading in the 10 weeks to 31 December. We successfully invested in promotions to assist our members over the key festive trading period, resulting in positive like for likes and good organic growth in store numbers. The total number of stores served by Nisa was also increased by two large new contract wins. Nisa has delivered a strong programme to help drive sales and footfall in our members’ stores, and with the support of our members, we have built a solid foundation for 2018.”