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%.
Join the CLUB to continue reading this story
Club Members have unlimited access to all articles and a whole lot more to elevate your store.or
Register for free and receive the latest news and views to your inbox every week
Comments
This article doesn't have any comments yet, be the first!