Wholesaling news

 

24 February 2020
Rontec the number five operator of fuel forecourts in the UK, and the third largest 'dealer' operator has reported financial results for the year ending 30 September 2019; with total turnover (including fuel and shop sales) up 3.3% to £1.3bn. Site numbers reach 259 Rontec continues to expand its forecourt estate, and completed the acquisition of six additional sites in the course of 2018/19. ...
21 February 2020
Following the acquisition of the East End Foods business by private equity investor Exponent in November, the decision has been taken to divest East End's two cash & carry depots, splitting them from the food processing division which supplies 'world foods' products under the East End brand.  The sale returns the two cash & carry's, at Smethwick and Aston Cross in Birmingham, to the direct contro...
18 February 2020
Leading northern regional wholesaler, Parfetts has recruited 25 new staff including five additional business development managers to support its goal of doubling the size of its Go Local symbol retailer network.  With 500 stores already trading under the fascia, Parfetts aims to extend that to 1,000 in the long term, targeting 150 new recruits in 2020 alone. Extending reach beyond established ...
12 February 2020
Costco Australia is launching online shopping and delivery later this month, but it will be available to members only. Making shopping more convenient Costco members will need to register for an online account to use the new online shopping service. Shipping costs will be included in online prices. Overall prices, however, will be slightly higher than shopping in the warehouses. Costco also...
31 January 2020
Walmart-owned, South Africa-based Massmart has published a sales update for its 52-week period ending 29 December 2019. Announcing total sales growth of 3.0% and comparable store growth of 1.5% the retailer also launched a new strategy, dubbed ‘The Road to Recovery’. The new strategy will be built around six pillars, which it believes will form ‘ the key building blocks of [its] turnaround ’ T...
16 January 2020
Metro Group has reported sales growth of 2.2%, with same store sales up 1% compared to last year. Positive performance across most markets Metro Group saw Q1 sales hit €7.5bn, with strong growth in many of its markets. In Asia, sales were up by 3.2%, in part driven by positive currency effects. In Eastern Europe, same store sales increased by 5% and in Western Europe (excluding Germany), sa...
06 January 2020
Costco in Australia has recorded sales of over AU$2bn for the first time. Growth of over 18% The retailer's Australian revenue was recorded as AU$2.159bn for the 52 weeks to September 2019, up 18.5% from AU$1.822bn in 2018. Its operations in Australia continue to perform well, with growth accelerating against the 14% growth recorded in its 2018 financial year. Costco now has 11 store tradin...
19 December 2019
The latest accounts filed by Dhamecha Foods with Companies House, for the year to March 2019, show that sales at the cash & carry wholesaler were up by 5.4%, reaching £793.5m, with operating profit up 8.3% to £13.1m. Outperforming the UK market With a customer base of some 12,000 trade customers, almost exclusively in the independent retail sector, Dhamecha's performance is well ahead of th...
13 December 2019
Nisa, the wholesaling division of Co-op, servicing independent convenience retailers, has revealed that its pace of recruitment has stepped up 40% in 2019.  This has added more than 500 stores to the Nisa customer network, pushing the total number of stores serviced over 4,500. Roll-out of Co-op private label 'a major game changer' A key improvement, making the Nisa offer more compelling fo...
06 December 2019
Metcash has released half year results for the period ending 31 October 2019, with group revenue including charge-through sales, up 0.5% to AU$7.21bn. Underlying EBIT declined 5.3% to AU$149.7m, mainly attributed to a lower contribution from the food business as a result of the loss of its contract with Drakes on 30 September in South Australia Food sales including charge through increased 1.2...