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Village store sold

Times Echo and Life / All News / Village store sold
5 days, 5 hours agoNo Comments.
12 SEP

Village store sold

By timesecholife on in All News, Featured News

A VILLAGE food store has been sold by a national chain and is set to be an independently run store. The Co-op Food store in Uttoxeter Road in Blythe Bridge has been sold by Co-op and is set to become an independently owned and run Nisa store. A spokesman for Co-op confirmed that the company has sold their Blythe Bridge store to Nisa.

He said: “Co-op regularly reviews its stores and, while this often involves the opening of new stores, we sometimes have to take difficult decisions.

Decisions to close a store are not taken lightly.

I can confirm that an agreement has been reached for the sale of our store at 321 Uttoxeter Road (in Blythe Bridge).

Our priority has been the support of colleagues at the store, and safeguarding local jobs. “Employees, who have been informed, will transfer to the new operator under TUPE (Transfer of Undertakings, Protection of Employment regulations).

The last day of trading is expected to be October 12, and we would like to thank the community for its support over the years.”

Forming in 1977 with 30 stores, Nisa now has more than 40 years of history in local convenience retail. Today the business serves communities across the UK with more than 2,500 local independently owned stores.

The announcement of the Blythe Bridge shop becoming a Nisa store comes just over a year after Co-op acquired Nisa Retail Limited.

The Co-op spokesman explained: “Co-op completed its acquisition of Nisa Retail Limited on May 8, 2018.

This followed approval by the Competition and Markets Authority on Monday, April 23 and the Court’s decision to sanction the transaction on Friday, May 4.

This transaction provides an environment in which independent retailers can flourish.

Primarily it brings enhanced buying capability, allowing Nisa Partners to trade their businesses in the way they choose.

As a result of combined buying synergies this acquisition brings the benefit of competitive prices and promotions for Nisa Partners and access to a deeper range and industry leading own brand proposition.

Greater scale for the combined organisation, generating buying efficiencies and the ability for Nisa Partners to benefit from a wider range and award winning Co-op own label proposition.”

The spokesman added that any residents who may feel there is an alternative site for Co-op within in Blythe Bridge, can make such a suggestion to the company.

The spokesman said: “Members of the community who know of a building or a site which they think would make a good location for a new Co-op store can let the Co-op know via this website: www.coop.co.uk/suggest-a-site.”

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