Nisa has released details of its new Fresh Rewards scheme, offering retailers up to a 5.5% rebate from the wholesaler.
The new scheme will see retailers earn rewards based on their weekly order value, as well as stocking Co-op own-brand products.
The entry threshold for a one per cent rebate starts at £4000 and retailers can earn up to four per cent rebate by spending £12000 or more.
However, the rate will depend on whether a retailer is under the Nisa Grow, Nisa Flex or Nisa Thrive tier.
READ MORE: Local shops need clarity on plastic bag law changes, warns ACS
According to the company, the new scheme has been designed to make it easy for partners to see competitive prices and understand the rewards available when shopping with the grocery wholesaler.
“We’re always looking for new ways to create greater value for our partners and our new terms are a huge step forward in the way we can trade together,” Nisa head of strategy and transformation Martin Rogers said.
“Our partners have told us for some time that our rebate structure needed to change, and we wanted to launch them earlier, but were focused on supporting our partners to serve their communities with distinction through the pandemic”
“We’re proud that even with the challenges of the last year, we’ve built and tested these new terms, and have stripped out all the historic complexity to create a simple set of five criteria”, Rogers added.
“These will allow our partners to find a combination that works for them and their business, save time and energy working with us, so we can work together to release even greater benefits. And the feedback from our partners has been fantastic.”
The news comes as Nisa has announced it will invest £2 million into slashing wholesale prices for retailers.
The company, which is a wholly-owned subsidiary of the Co-op, said the investment would be across both branded products and its Co-op own-label range.
