THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Nisa chief executive Nick Read to step down

Nisa Retail has announced that its chief executive Nick Read has decided to step down from his position. Read joined Nisa in December 2014 during a… View Article

FOOD AND DRINK NEWS UK

Nisa chief executive Nick Read to step down

Nisa Retail has announced that its chief executive Nick Read has decided to step down from his position.

Read joined Nisa in December 2014 during a time of instability for the business when it made an unexpected loss. In July 2016 Nisa reversed the previous year’s loss with an EBITDA of £7.3 million to mark the largest annual EBITDA swing in the company’s 40-year history. In 2017 Nisa’s EBITDA rose to £8.6 million while pre-tax profit was £2.8 million.

In a statement Nisa said it is currently “engaged in a succession planning process”, the result of which will be announced in due course.

Peter Hartley, Nisa chairman, added: “We are grateful to Nick for his leadership during a challenging period for Nisa and the wider convenience sector. Nick and his team have brought much needed stability to Nisa, and he will leave the business in a significantly improved financial position.”

Subscribe For Retail News