Bestway removes fuel levy for Costcutter stores and reduces prices
Bestway Retail has removed the fuel levy (previously £3.66 per delivery) for all mainland Costcutter stores for deliveries made since 1 January 2025.
In addition to lifting the fuel levy, Bestway is making an investment of more than £2.5 million to reduce the cost price of more than 11,000 best-selling branded products across all categories.
This move is designed to help retailers drive footfall and customer loyalty by focusing on best-selling products, and ensuring that the prices are competitive against the large multiple convenience operators.
Bestway Wholesale managing director Dawood Pervez said that the investment is about supporting retailers faced with further market challenges: “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 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,” he said.
“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. In 2024 we paid out over £10 million in rebates to Costcutter retailers; therefore we want to ensure that everyone is maximising the full benefit of this profit driving scheme.
“It doesn’t stop there. Our vision for 2025 is to continue to co-invest in retailers’ businesses via refits and store modernisation plans.
“We’re also embracing the New Year with fresh investment in a wider sense to support growth both for our retailers and our own business. This includes a focus on our leadership team through investing in people, investment in leading-edge technology and services, and working closely with our supply partners to maintain the competitive edge that we are proud to offer our customers.”
Published Date: January 8, 2025