Nisa Sees Positive Response To New Rebate Model kamcity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamcity.com Daily Mail and Mail on Sunday newspapers.
By Alice Leader2021-04-15T11:50:00+01:00
The new rebate terms go live on 28 June
Nisa retailers could unlock up to a 5.5% rebate in the wholesaler’s new Fresh Rewards rebate model.
The new rebate terms go live on 28 June and will vary, depending on if a retailer falls under the Nisa Flex, Nisa Grow or Nisa Thrive criteria.
These are calculated on weekly order value, as well as the level of Co-op own-brand products the retailer stocks.
The entry threshold, Nisa Flex, applies to retailers who trade under an independent fascia. They could earn a 1% rebate if they spend £4,000, but a 4% rebate if they spend £12,000 a week or more.
14th April 2021
Nisa Retail has unveiled its new Rebate terms, Fresh Rewards, which give independent retailers the opportunity to unlock up to 5.5% rebate from the wholesaler.
The group stated that the rebate model has been built on “simplicity and fairness” and will make it easier for its Partners (retailers) to see how much they could potentially earn so they can “focus on driving their business forward”.
The new terms reward retailers based on their weekly order value, as well as stocking Co-op own brand products. The entry threshold for a 1% rebate starts at £4,000 and retailers can earn up to 4% rebate by spending £12,000 or more, which Nisa claims is a lower minimum spend threshold than its key competitors. Additional benefits are also available for being a Nisa fascia store.
Nisa overhauls partner rebates and fees talkingretail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from talkingretail.com Daily Mail and Mail on Sunday newspapers.
Issue of Equity and Options Aura wishes to inform the market that the Company has issued the following ordinary shares of no par value each, and options over ordinary shares of the Company ( Options ), following the passing of the resolutions at its Annual General Meeting held on 17 March 2021: Issue of shares: 1. 11,923,076 shares to Lind Global Macro Fund LP to extinguish the liability of A$310,000 under the Replacement Convertible Note and the Follow-on Replacement Convertible Note as executed on 18 November 2019; 2. 2,667,307 shares to Robert Beeson, previous non-executive director of the Company, to extinguish outstanding remuneration; 3. 2,667,307 shares to Julian Perkins, previous non-executive director of the Company, to extinguish outstanding remuneration, of this amount 1,333,654 has been acquired by CFO Solutions Pty Ltd for A$0.026 and subject to escrow as per the Notice of Meeting;