![]() Logo used since 2008 | |
Formerly | |
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Company type | Subsidiary |
Industry | Retail, wholesale |
Founded | 1977[2] |
Headquarters | , |
Area served | UK |
Key people | |
Revenue | ![]() |
Number of employees | 213 [5] |
Parent | The Co-operative Group |
Website | www |
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]
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]
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. Also at the co-op depot in Birtley , Tyne & Wear
As of 2011 [update] , some stores are branded under the LoCo fascia. [20]
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]