Scunthorpe-based specialist delivered wholesaler, Nisa Retail has reported positive trading figures in the 14 weeks to 3 April, reversing the loss incurred in the same quarter last year.
The company achieved a rise of 4.9% in year-on-year sales to £327.5m, despite sales fall of 1.8%.
Nisa Retail recruited 111 new stores in the period, including 41 in the symbol group and 70 independent/specialist stores.
Nisa Retail chief financial officer, Robin Brown commented, “2015/16 was a challenging year as the new executive team, strongly supported by all employees, focused on stabilising Nisa while restoring confidence and profitability to the business.
“Considerable credit is also due to our members for remaining loyal throughout the year. Our retail teams have enjoyed a positive year of recruitment, boosted by a pleasing fourth quarter, which is testament to the faith members place in the long term future of Nisa’s mutual model and its unrivalled offer, making Nisa the partner of choice for independent retailers.”