My Local agrees supply deal with Nisa
My Local, the newly created independent convenience store group, has agreed that Nisa Retail will supply its chain of 140 stores across the UK in a five year deal worth up to £1 billion.
The move means that My Local will become one of Nisa’s major customers.
My Local said fresh sales will make up a large part of the offer with 45% of the mix being fresh based, while Nisa’s flexible business model will allow each store to source products specific to their local area.
Mike Greene, chief executive of My Local, said: “This partnership is essential to the future of My Local and will form an important part of our plans to create a sustainable, profitable business for the future. We look forward to working with Nisa to deliver the fast, fresh service that our customers expect and we see great opportunities to drive benefit together.”
The supply agreement will be for an initial five year period and will see My Local stores being supplied through Nisa’s central distribution system. This will include flexible access to local and regional suppliers to enable My Local to meet its commitment to source at least 5% of its range from within 10 to 15 miles of any store.
Nick Read, chief executive of Nisa, added: “We know Mike and his team well and we are very excited to be working with them. We also share a community focus with My Local which will underpin our future business relationship, while the communities they serve will benefit from our ‘Making A Difference Locally’ charity.”
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