Costcutter news

30 June 2014
The UK convenience market is set to be worth £49bn by 2019, according to the latest IGD Retail Analysis forecasts. This represents an increase of over 30% from its current value of £37bn. Shoppers in the UK are spreading more of their spending across a variety of grocery 'channels', such as hypermarkets, online etc. Our latest ShopperVista research shows that nearly all shoppers (95%) use at...
24 June 2014
Major UK symbol group operator Costcutter Supermarkets Group has announced that Huw Edwards has been appointed trading director with immediate effect.  He replaces Vicki Reay (previously with Spar UK) who joined the group in 2013. Moves over from The Buyco Huw Edwards moves into the Costcutter trading role from an interim position with The Buyco, the joint venture buying company set up by...
10 June 2014
In an interview with the Financial Times, Sir Michael Bibby Managing Director of Costcutter's parent company, Bibby Line Group, has indicated that the business has ambitious plans for the symbol group, aiming to make it the biggest in UK convenience retailing.  Long term the goal is to more than double the number of group stores to 6,000.  Currently the largest single group is Booker's Premier, w...
02 June 2014
Still young by the standards of UK symbol groups, Simply Fresh was launched only in 2009, and already has 48 member stores.  Now in an interview with the Grocer magazine director Kash Khera has revealed the group has plans to grow to 350 stores by 2019. 70 new stores in the current year With its next opening scheduled for Kenilworth, Warwickshire, next week, this will be followed by anoth...
14 May 2014
Following the transfer of Palmer & Harvey's symbol group operations to Costcutter Supermarkets Group, the Group has set out its strategy to evolve the combined portfolio of retail brands over the next five years.  Focused around the three core priority brands of Costcutter, kwiksave and Mace, the strategy sets out the values and guidelines for each to offer a structured and differentiated positio...
16 April 2014
Major national symbol group, Costcutter has gained a significant new member in the Channel Islands, giving it a presence on Jersey for the first time.  Local chain J Mart Ltd, operates 18 stores on the island of Jersey, which include two forecourt sites as well as four stores with Post Offices.  This follows a strong year of recruitment for Costcutter in 2013, during which it gained 353 new retai...
08 April 2014
Irish symbol group ADM Londis plc has reported a jump in profit before tax to €1.67m. Organic sales up 1% Irish symbol group ADM Londis plc has announced an increase of 35% of profit before tax for calendar 2013 on 2012’s €1.23m. This improvement was driven by a shift in the sales mix away from low margin categories and increased volumes through Londis’s higher margin chilled distribution netwo...
05 February 2014
Major UK symbol group Costcutter has revealed that 353 new retailers joined its national network in 2013, which now includes the Mace fascia, transferred over from Palmer & Harvey last March. Gains made across all fascias Of these new recruits 243 joined Costcutter's established core fascias, including its eponymous brand as well as the more recent addition, kwiksave.  There are now some 20...
19 December 2013
The second half of 2013 has brought major changes to several retailers' senior teams. Here we summarise the most significant. Morrisons: Building the digital leadership team With less than a month until its online debut Morrisons has been strengthening its leadership team Following the announcement of Morrisons tie-up with Ocado, Mark Harrison, group retail director, and Martyn Fletc...
20 November 2013
Leading UK delivered wholesaler Palmer & Harvey has now launched the first lines in its new private label range branded 'Independent'.  Targeted to meet the needs of independent and symbol group convenience retailers, and with many more products due to be added in 2014, ultimately the range is planned to include over 750; spanning many categories from ready meals to fruit and vegetables. A ke...