Member owned convenience organisation Nisa Today’s Group’s wholesale arm Today’s Group, has posted double digit sales growth for the third year in a row, results revealed today.
For the year ending December 2010 values sales grew 10.1 per cent year-on-year and the volume of cases sold was 9.3 per cent higher than in 2009.
In food service year-on-year growth of eight per cent was achieved in both sterling value and case volume despite a significant squeeze in margins whilst tobacco and licensed sales managed double figure rise.
Bill Laird, Managing Director at Today’s Group said: “We are delighted to update the marketplace with news of such positive growth by our members at a time when many industry headlines are downbeat and pessimistic.
“Despite everything that the economy, the competition and the weather has thrown at the sector, Today’s members once again responded with terrific resolve and determination.”
The convenience sector is currently being coveted by all the major UK supermarkets as an area for potential growth, most recently with Waitrose opening trial stores, and this could make trading tougher for independents and franchises.
Outgoing Managing Director for Spar UK Jerry Marwood told Retail Gazette recently that the future for discount and smaller convenience businesses is still bright, and Laird seems to agree.
“The IGD view that convenience retail will continue to grow in 2011 and beyond, underlines our members confidence that there is still much to go for despite the threat of unrelenting pressure from major multiples and mainstream symbol groups,” Laird added.
“My team and I are dedicated to supporting our members to grow their businesses especially at this difficult time and our recent successes in recruiting new wholesalers and affiliated retailers indicate we are very closely aligned to their needs.”