Retra will close on March 31 this year, but members will be offered membership of BIRA (British Independent Retailers Association), which will create a new division dedicated to electrical retailers and repair agents.
BIRA is a bigger trade association than Retra and it will continue to provide the current Retra support, with some additional enhanced services that are not currently offered.
The announcement follows on from this month’s Extraordinary General Meeting (EGM), which was held on February 1. At the meeting, 98 percent of Retra’s members voted for the closure.
The decision was taken after careful consideration of the current landscape and the best interests of Retra’s members.
However, to ensure that its members continue to receive support and benefits even after Retra ceases its operations, in partnership with BIRA, Retra is pleased to offer all of its fully paid-up members – as of October 31 2023 – one year’s free membership of BIRA. This cost will be covered by Retra and the membership will start from April 2024.
BIRA is dedicated to supporting independent retailers, and Retra, which was founded in 1942, believes it will continue to uphold the values and legacy of Retra, while providing valuable resources and networking opportunities to Retra members.
Retracare’s insurance offering will continue through the Pacifica Group, and the financial services company, Novuna, will also support any existing and new dealers directly.
“Rest assured that our commitment to the industry remains steadfast, even as Retra closes its doors,” said Howard Saycell, Retra CEO (pictured above).
“We understand that this news may come as a surprise, and we are here to address any questions or concerns you may have during this transition period. Your satisfaction and continued success are of utmost importance to us.”
He added: “Thank you for your understanding, support, and dedication to Retra over the years. We believe that with the support of BIRA and the continued efforts of Retracare and Novuna, our industry will thrive despite these changes.”
For more information, please contact Retra: Tel: 01234 269110