Nisa has agreed to supply My Local’s chain of 140 stores across the UK, in a five year deal worth up to £1bn.
This represents one of the largest recent supply deals in the convenience sector, and will make the newly-created independent convenience store group one of Nisa’s major customers.
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 product specific to the needs of its local community. This will support the key business strategy of My Local to improve the range, availability and layout of products in its stores, thus creating a truly local customer experience.
Mike Greene, Chief Executive of My Local, said: “We are delighted to have reached agreement with Nisa. 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.”
My Local stores will join Nisa’s independent and specialist business unit and will be supplied through Nisa’s central distribution system, but with flexible access to local and regional suppliers, allowing My Local to meet its commitment to source at least five percent of its range from within 10 to 15 miles of any store.
Nick Read (pictured), Chief Executive of Nisa, said: “We know Mike and his team well and we are very excited to be working with them. We 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.”
The agreement will also enable My Local to improve product availability and frequency of supply, with deliveries into stores six days a week.