Wholesalers axe fuel levy charges and slash prices on consumer best-sellers
BOTH Nisa and Costcutter retailers are set to get a profits boost after their respective supporting wholesalers have axed their fuel levy charges and slashed the prices on best-selling products.
And both Nisa and Bestway said they were making the moves to help their retailers get through the challenging economic environment.
Nisa announced on Friday 10 January that it was removing its £3.66 fuel levy and extending its Mega Deals pricing campaign that was launched in October 2024 to help partners capitalise on the festive period.
The Mega Deals initiative features more than 200 products and Nisa says it gives retailers access to weekly market-leading prices across footfall driving products.
Katie Secretan, retail & sales director at Nisa, said: “Retailers continue to be faced with increasing operating costs and, alongside the highly competitive convenience market, this is causing further erosion to their profit margins.
“It’s our absolute priority to drive more value for our partners, and the removal of the fuel charge will allow our retailers to invest these vital funds into their businesses, so they can continue to serve their communities for years to come.
“Our goal is also to ensure Nisa retailers remain well-stocked with the most popular and in-demand products, at the best price on the market, to drive footfall and sales and ultimately increase their profitability.”
Bestway scrapped its similar £3.66 delivery charge for all mainland Costcutter stores on Wednesday 1 January and announced a £2.5million investment to cut the cost price of more than 11,000 best-selling branded products across all categories.
The company said the core objectives were to enable its retailers to make more margin, help them maintain their competitiveness and drive footfall and customer loyalty.
Bestway Wholesale managing director Dawood Pervez said: “After Brexit, came Covid… and now we have increases to National Insurance and National Living Wage thresholds coming into play.
“There’s no question this will impact on retailers at a point when it’s clear that consumers will have less money in their pockets due to continuing inflation and slower than anticipated reductions in interest rates.
“We’ve listened to our retailers as to what is most important to them and are looking to the months’ ahead and the challenges that they face – and we’re acting now to invest in their future.
“We’re 100% committed to our loyal retailers’ success and believe that ‘together we are stronger’ if we face the challenges the industry is experiencing with a shared approach.“
