Nisa has increased the pricing across 52 of its 330 core Co-op own label lines recommended to retailers.
The rises came into force on 10 November, alongside a pricing decrease on 18 lines. Analysis of the affected products, seen by Better Retailing, showed that the net RRP across all affected lines in Nisa stores rose from a combined £145.17 to £159.94. In the same products in Co-op stores, the changes equated to a net increase in RRP from £138.82 to £152.57. Overall, the net wholesale price across the 70 lines increased from £934.49 to £984.62.
Co-op products which increased in RRP in Nisa stores included Corned Beef (£2.55 to £2.65), Straight Cut Oven Chips (£1.60 to £1.79) and London Dry Gin (£14.45 to £15.25). Lines which had a decrease in RRP were Honey Roast Ham (£1.25 to £1 price-marked) and British Beef Mince (£5 to £3.70).
In a message to retailers about the changes, seen by Better Retailing, Nisa commercial director Ayaz Alam said: “At Stoneleigh, we announced new pricing guardrails applicable to all Co-op own-brand products.
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“These guardrails ensure that the RRPs we recommend are indexed against recent Co-op retail RSPs to help you ensure you remain competitive versus Co-op retail stores. We also committed to you that we would review our prices against these guardrails regularly, this means we will routinely respond to price increases and decreases on Co-op lines set by the Co-op.
“The impact of the price changes on Core Essentials, the products we recommend all customers stock is that of the 330 products, 52 will increase in price and 18 decrease. You can see the Core Essentials price changes attached.
“We will continue to review and adjust prices based on these guardrails, so please look out for future emails that will provide advanced notice of future changes.”
Nisa has been approached for comment
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