Costcutter
From Wikipedia, the free encyclopedia
Costcutter is a franchise banner in the United Kingdom, the Republic of Ireland and Poland under which there are supermarkets and local and urban convenience stores, specialising in cheaper goods than mid-market chains such as Sainsbury's. The banner also has its own brand of goods and products which are sold alongside Nisa Today branded products and the usual national and local brands found in any other supermarket or convenience store.
Costcutter has stores in all regions of the UK and right across Ireland in both urban and rural locations. As a group, Costcutter is continuing to expand (as of 2005) with its stores becoming more accessible to wider proportion of the UK and Irish public.
As of December 2006, Costcutter was owned by James A. Barry and Co.[1]
Costcutter was founded in 1986 by Colin Graves.[2] As of November 2006, there were some 1,400 stores in the franchise.[2] In May 2006, the majority of stores were in the United Kingdom, with 65 stores in the Republic of Ireland and 52 in Poland.[3]
A proposed merger with Nisa Today collapsed in 2006 after concerns about a cartel.[2]
[edit] References
- ^ "Barry's profits flat", The Daily Mail, 29 December , 2006
- ^ a b c "Nisa's chairman to step down", Yorkshire Post, 2 November, 2006
- ^ "Local retailers planning merger", BBC News, 10 May 2006
