Indie retailer calls on major suppliers to restore PMP margins to at least 19% amid cost-of-living crisis

Several store owners said they are willing to boycott products if margins don’t improve

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A leading independent retailer has called on major suppliers to improve margins on price-marked packs as they continue to shrink, amid the cost-of-living crisis.

Mo Razzaq, owner of Premier Mo’s in Blantyre, Lanarkshire, has written a public letter urging key suppliers to restore retailer margins to at least 19%.

“Running a convenience store is often stressful, unappreciated and involves long hours,” it reads. “It was widely regarded that a retailer needed to make 16% margin to break even, but with the cost-of-living crisis driving increases in fuel and energy, alongside the increase in minimum wage, we now require a margin of at least between 19% to 20%.

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