A ‘brand essentials’ Londis over-riding discount (LOD) scheme, offering retailers significant margin opportunities earning up to a maximum of 4.5 per cent, has been launched by Musgrave Retail Partners GB.
The new scheme gives retailers the opportunity to earn an additional two per cent LOD on purchases of groceries, provisions provisions, alcohol and confectionery through Musgrave.
To realise the benefits, retailers need to commit to certain ‘brand essentials’, such as refitting their store to approved standards, purchasing ‘must-stock’ items and participating in promotional schemes.
Phil Smith, Musgrave Retail Partners GB managing director, said: “We will continue to focus on the needs of our retail partners, putting our retailers at the heart of all that we do. Everything needs to be looked at through the lens of a rapidly changing market and that’s why we have taken these actions to support our Londis retail partners in these tough times.”
Arjan Mehr, who owns a Londis store in Bracknell, added: “The enhanced LOD is the beginning of a new, truly genuine retailer partnership model with Musgrave.”
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