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 Logo since 2012 | |
| Company type | Public company |
|---|---|
| Industry | Retail Groceries |
| Founded | 1959 (original) 2012 (revival) |
| Founder | Albert Gubay |
| Defunct | 2007 (original) |
| Headquarters | Prestatyn (1959–2006) (Payroll & HR only after 1998) Bristol (1998–2006) Huddersfield (2006–2007) York (2012–present) |
Key people | Albert Gubay (Founder) |
| Products | Groceries |
| Parent | Somerfield (1998–2006) BTTF Ltd (2006–2007) Costcutter (2012–) |
| Website | kwiksave |
Kwik Save is a British convenience store chain. Prior to 2007, it was also a discount supermarket chain that had shops across the United Kingdom. It went into administration in July 2007, but was brought back in April 2012. Its shops were small to medium-sized high street supermarkets, mainly located in areas with below average incomes.
It struggled to make profits during the 2000s, as superstore operators such as Asda, Tesco and Sainsbury's introduced their own budget brands, and foreign competitors such as Lidl, Aldi and Netto (who all arrived in the United Kingdom during the first half of the 1990s) expanded.[1]
The company was listed on the London Stock Exchange, and was once a constituent of the FTSE 100 Index. It went into administration on 6 July 2007, and closed most of its shops across the United Kingdom, with the remaining 56 being sold to a new company, FreshXpress, which itself went into administration in March 2008.[2]
It was then resurrected in a smaller form with nine shops, but this second incarnation of FreshXpress went into administration, and ceased trading in April 2009. All remaining shops have since been closed.[3] The brand was relaunched as a budget fascia for convenience shops supplied by Costcutter in April 2012.[4][5]
- ^ "Why Kwik Save couldn't be saved". The Grocer. 9 June 2007. Retrieved 30 October 2009.
- ^ "FreshXpress limps on as nine stores". The Grocer. 7 April 2008. Retrieved 30 October 2009.
- ^ "The last FreshXpress shop closes its doors". The Grocer. 10 January 2009. Retrieved 30 October 2009.
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