The elevation to CBC status within the Nisa membership and enhanced supply deals with Waitrose and Iceland should spell a better year for Shoprite, said chairman Deryck Nicholson. Isle of Man based Shoprite operates 10 supermarkets plus non food outlets and an off licence chain. "This enhanced membership status [attained in November 2001] provides us with access to more advantageous purchasing arrangements and promotional opportunities," said Nicholson. "We are also presently reviewing opportunities to introduce additional complementary national retail concessions in our larger stores." Although the company had made an "encouraging start" to this year, margins were still under pressure from heavy competition and seasonal factors, warned Nicholson. The company blamed the cancellation of a major motorcycle race and import restrictions due to foot and mouth disease for a lacklustre set of sales figures for the year to December 29, 2001. Turnover including concessions dipped slightly from £55.93m to £55.59m. However, operating losses were reduced from £1.97m to £1.23m and pre-tax profit moved into the black to £155,000 from a £2.66m loss, after taking into account the gains made on the disposal of property. {{NEWS }}