Nisa has reported an increase in sales over its Christmas trading period, boosted by large contracts which grew its supplier network.
In the 10 weeks to December 31, Nisa’s sales rose 17.7 per cent to £277 million, while like-for-like sales increased by 1.7 per cent.
The standout sales performers were pre-pack fruit, pre-pack vegetables and ready meals which went up 38.1 per cent, 38.6 per cent and 43.7 per cent respectively.
These figures reflected a significant boost in store numbers, with the core business growing by 106 stores, alongside 140 new Costcutter stores.
Following Nisa’s acquisition of McColl’s contracts after the demise of Palmer & Harvey, a further 23 stores were added to its estate, bringing the total over the period to 269.
A further 1090 are expected to start trading by the end of the month.
“I’m pleased to report that Nisa has enjoyed good Christmas trading in the 10 weeks to 31 December,” Nisa Retail chief executive Arnu Misra said.
“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.”