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Wholesaling news

 

13 April 2023
Leading UK food & grocery retailer, Tesco has announced total retail sales up 5.1%, reaching £56.6bn (ex fuel) for the twelve-month period to 25 February 2023. Within its key region (UK & the Republic of Ireland) sales were up 4.7% to £52.4bn, while trading was more buoyant in Central Europe, where sales grew by 10.0% to £4.2bn. However, profitability was challenged (especially in UK & ROI) by th...
11 April 2023
North-west based wholesaler Parfetts has recorded another strong annual trading performance, building on a series of outstanding annual results over the pandemic period. Over the 52-weeks to June 2022 Parfetts’ sales were up a further 6% reaching £605m, in spite of the very steep comparative from 2021 when sales leapt by 19.2%. This comes as the business continues to invest in future growth, in...
05 April 2023
Leading UK convenience retailer Co-op has announced its full-year results for the 52 weeks to 31 December 2022, reporting revenue growth across food and wholesale. Overall, Group revenue reached £11.5bn, 3% higher than last year. Action taken at the start of the financial year has left Co-op in a strong position to face further economic challenges. These include tighter prioritisation of spend...
30 March 2023
Alibaba Group has announced its new organisational structure aimed at supporting each of the group’s business make faster business decisions and achieve independent financing through market funding, thereby unlocking greater potential for shareholders. Business will be broken into six core business groups Taobao Tmall Commerce Group will include ecommerce platforms such as marketplaces...
29 March 2023
Leading independent UK wholesaler Bestway has promoted Costcutter veteran Jamie Davidson to head up its retail operations covering company-owned, franchise and symbol store networks.  The change will be effective from July, when he will replace Mike Hollis who is leaving the business. Davison offers extensive experience and deep knowledge of independent and convenience retailing A well-know...
14 March 2023
The Grocer has reported that independent chain Jempson’s is to become the second Together with Morrisons retailer, with plans to convert its six stores to the dual-branded fascia. Jempson’s will convert its superstore in Peasmarsh to the new fascia later this spring, with the remainder of the estate to follow during 2023. The move will be a blow for Nisa, which has been Jempson’s primary supplier...
28 February 2023
Instacart, the leading on-demand grocery delivery platform and technology company in North America, has launched Instacart Business, a new business-focused offering. This is a further shift in the company’s model as it aims to be a broader platform for retail. Business focused ranges Available on the Instacart marketplace, this new offer highlights ranges from retailers including Costco Bus...
14 February 2023
Leading national wholesale buying group Unitas has rejigged its executive structure with Cheryl Hope, Trading Director now assuming responsibility for the whole of its trading function and reporting directly into Managing Director John Kinney. Aoife Kenny to focus on strategic development projects Aoife Kenny, who has previously had trading under her overall remit as Commercial Director wil...
13 February 2023
Co-op wholesale subsidiary, Nisa has announced a £6m investment into lowering the cost of more than a thousand branded products for its retailers. Using market data to identify key lines, Nisa has targeted these reductions to the most important ambient categories for symbol and independent retailers: beers, wines, spirits, soft drinks and tobacco. Focus on branded lines to match previous reduc...
09 February 2023
Metro Group has recorded a strong Q1 2022/23, seeing sales increase in local currency by 5.2% in the period. We also look at some of its recent developments to continue growth into Q2. Year-on-year growth across markets Recording total sales of €8.1 billion for Q1 2022/23, an increase of 6.6% YoY, Metro Group had good sales performance in all markets, except for Russia: Germany – sale...