Nisa to hike up prices across hundreds of products

Nisa is reportedly going to increase the prices of hundreds of its lines, as a result of rising costs created by the coronavirus pandemic, fuel shortages, driver shortages and Brexit.

In a message to its retailers, seen by betterRetailing, the symbol group said its current approach was no longer sustainable, as a result, has to absorb costs to allow retailers to focus on their communities.

However, partners who order at their contractually agreed levels would not be affected.

“As such we have reviewed categories and will be implementing some price changes, which will be phased across P14 and P15 as we want to give partners notice to be able to plan and implement with base changes impacting WSP and RSP.”

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It added: “These changes average at just 3.5 per cent at WSP – below the rate of inflation – and for a typical 2000 sq. ft store should only impact 332 lines in P14.

“Our intent has been to protect partner margin through RSPs while managing increased operating costs, although as always partners retain the flexibility to price how best suits them.”

Nisa added it would be reinstated low and no order levies this month, with £100 added for retailers not placing an order on their scheduled order day and £100 for those who don’t meet Nisa’s 200-case weekly minimum.

Grocery Gazette has contacted Nisa for comment.

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