Greens Retail signs five-year deal with Nisa as it plans to open 20 more stores

Greens Retail, formerly Eros Retail, has signed a five-year deal with Nisa worth up to £200 million during the term.

Fife-based Greens Retail currently operates 16 stores in Scotland with combined annual sales of £25 million, and managing director Harris Aslam has committed to open at least 20 new stores across Scotland and into England. These plans will boost the number of employees from 300 to over 650.

The stores operate under the Greens fascia in partnership with Nisa, vary in size from 2,000 sq ft to 6,000 sq ft and include in-store butchery and bakery counters, Costa Express and Skwishee concessions.

Aslam said: “We’ve been working tirelessly to expand our portfolio, and as we continue to grow at a tremendous pace, our overall aim is to innovate and redefine convenience retailing.

“We really want to continue to push the boundaries of retail innovation to ensure each and every one of our stores is unique to the missions and needs of its shoppers. Working with Nisa allows us to do this, as well as being able to offer the strongest own-brand range, which is a huge success for us at Greens.

“This renewed agreement allows us to continue investing in new and existing stores whilst maximising profitability and achieving a long-term commitment and certainty.”

Victoria Lockie, head of retail at Nisa, added: “At Nisa we’re passionate about being the partner of choice for retailers and wholesalers, driving mutual success and benefits. It’s been an absolutely pleasure working with Harris and the team since Greens’ conception and I’m proud to have watched them elevate their business and stand out from competitors in this tough market. We’re looking forward to seeing their big plans to come to life and are delighted they continue to choose Nisa to come on this journey with.”

 

Published Date: March 17, 2023
Category: Wholesale Industry News