Tates crowned as UK’s top independent retail chain

A significant year for Tates as it was marked by a move away from its c-store comfort zone with the opening of two EUROSPAR stores.

In total, Tates has spent £11.6m in acquiring new stores and upgrading existing sites since the beginning of last year. Despite a comprehensive strategy to reduce costs and increase efficiency, the business remains resolutely on the acquisition trial.

The major investment comes on the back of a strong financial performance. For the year to April 2008 Tates achieved at 5.7% sales increase to £275m with record net profits of £5.4m.