2 minute read
Store Development
by 55 North
Nisa retailers focus on store investment
They symbol group’s retailers developed 106 stores in the first half of the year, which generated an average uplift in sales of more than 17% post conversion.
Nisa’s independent retailers have successfully undertaken more than 100 store developments in the first half of the year.
A total of 106 stores were completed between January and June 2022, which generated an average uplift in sales of more than 17% post conversion and included more than 60 Nisa Local Evolution symbol store formats.
The symbol group says that the volume of new recruits into the business has resulted in the number of new store developments increase by 40% year-on-year.
In total, at the end of June 2022, there were 1,061 Nisa symbol group stores across the UK including 19 trading under the Nisa Express format.
Nisa’s format team also supported the development of 28 stores with independent fascias, while the remaining projects were dual-branded. The projects range from brand-new builds and full refurbishments of existing stores to smaller developments, such as the installation of a new fascia or internal modernisation with new fixtures, fittings, and signage.
Garage forecourts, holiday parks, compact convenience stores, and supermarkets have formed the work conducted by the team of store development managers at Nisa, supported by the wider team. Head of format and category development at Nisa, Darren May, said: “Whilst times are currently challenging with the cost-of-living crisis, Nisa retailers remain keen to invest in their businesses to future proof them, ensuring they are fit for purpose and can continue to serve the communities in which they operate.
“We work closely with retailers to create the store that works for them, at a budget that they can afford. A key focus for us is identifying innovative solutions that help our retailers to evolve their convenience offer whilst ensuring it remains cost-effective through reducing overheads wherever possible.
“Typically stores have seen an average sales increase of around 17.5% post development, which is down to a combination of factors including introducing new and extended ranges as well as improved customer experience and shopper confidence.”
