UK retailer Nisa has booked an increase in full-year profit driven by cost savings, the signing of a distribution deal and development of the retailer’s symbol operations.
Nisa reported a profit before tax of GBP3.8m (US$5.9m) in the 12-month period, up GBP1.7m on the previous year.
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Sales amounted to GBP1.58bn, up 4.2% on last year, while cases delivered through the company’s central distribution services again broke through the 108m mark, it said.
Scunthorpe-based Nisa announced it will make a “record” payment of GBP4.6m to the group’s members in the form of surplus and a further GBP350,000 in dividend payments.
In addition, Nisa has announced the recruitment of the Edinburgh-based health and beauty retailer Semichem into its membership. The company brings its entire store portfolio into the group to benefit from the greater buying power available through Nisa.
Through its membership of Nisa, Semichem will have access to around 12,000 product lines, allowing the company to increase its impulse offering to its customers as well as providing a range of promotions every three weeks.
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By GlobalData
