Strong Q4 sales at Nisa

Strong growth in member numbers has driven an increase in fourth quarter sales at wholesaler and convenience retail specialist Nisa.

In a trading update for the 13 weeks to April 2, 2017, Nisa said total sales of £299m were up 2.2% on a like-for-like basis compared with last year.

Sales were driven by the opening of 225 new stores in the quarter, compared with 113 last year. The total number of retail sites served by Nisa was 3,466 in the year to April 2, 2017.

Full year EBITDA is expected to be £8.5m which the Scunthorpe-based business said was in line with expectations.

Chief executive Nick Read said: “I am very happy to see sales and recruitment on an upward trajectory, giving us real momentum coming out of Q4.

“I am pleased to report further progress against our three-year strategic plan to focus on heritage, range optimisation and lowering our cost to serve, while targeting greater scale.”

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