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Wholesaling news

 

28 March 2022
Speaking at the Shoptalk retail technology event in Las Vegas, Sam’s Club president & CEO, Kath McLay, outlined why the business remains confident that it can continue growing after an incredible two-year performance. Thriving under the radar While Costco, Target and Walmart have drawn the accolades for driving growth since the start of the pandemic, the success of the latter’s Sam’s Club b...
24 March 2022
IGD's new research into the UK’s eating out market highlights the complexity of the road to recovery and forecasts that the sector may only reach 79% of its pre-pandemic value in 2022. Consumer behaviour and socioeconomic factors are slowing recovery and driving disparity.  QSR is the driving force behind market growth whilst Restaurants and Pubs will continue to recover but pace will slow. Fo...
07 March 2022
Costco’s net sales increased 16.1% in the second quarter, maintaining its strong pace of growth despite tough comparables from last year. Against this backdrop of growth, we look at how it is navigating cost and supply chain challenges. Q2 key numbers Net sales increased 16.1% to $50.9 bn Comparable sales (ex-fuel and currency impacts) up 11.3% in the US, 12.4% in Canada and 9.0% in o...
07 March 2022
The principal UK wholesale buying group, Unitas has announced that Aoife Kenny will take up the position of Commercial Director in September this year.  She will step into an enhanced role covering both trading and commercial functions to back fill the gap that will be left by the retirement of John Baines, the group’s veteran trading director. Extensive experience in roles throughout the rout...
11 February 2022
Metro Group’s sales rose 19.4% in local currency terms and by 20.0% in total, reaching €7.6 bn. The company reported its revenue in the Q1 2021/22 period exceeded its pre-pandemic levels ‘ despite ongoing restrictions ’. Metro, though, noted the challenges it faced during Q1 2020/21, when total sales contracted by 16% due to Covid restrictions in many of its key markets. Growth was driven by a...
05 January 2022
Building on its recent out-performance, Costco delivered its highest-ever sales growth for the month of December. Net sales up 16.2% As one of the first global retailers to report on its holiday performance, Costco’s results provide a great read on consumer sentiment, especially in North America, which accounts for over 86% of its sales. Sales in December increased 16.2% globally to $22.2bn,...
13 December 2021
Costco delivered an outstanding first quarter with total sales up 16.7%. We look at what’s behind this performance and some of the challenges it’s experiencing. Costco Q1 key numbers Total revenue up 16.6% to $50.3 bn Net sales up 16.7% to $49.4 bn Comparable sales (ex-fuel and currency impacts) up 9.8% Comparable sales up 9.9% in the US, 8.3% in Canada and 10.9% in other intern...
10 December 2021
Following the first store opening in Shanghai in 2019, the retailer has opened its second store in China this month. 70,000 pre-registered Costco members before the opening day The new store is in Suzhou, a city in Jiangsu province, about 100 km (62 miles) west of Shanghai. It is famous for its beautiful gardens and traditional architecture. Before the store opening on 7 December, the ...
07 December 2021
Despite cycling strong performance in FY21, Metcash has reported half year results for FY22 with revenue up 1.5% to AU$8.2bn and EBIT up 13.9% to AU$231m. We pull out five key learnings and assess the outlook for H2: 1. Underlying food sales remain very healthy Food sales decline 4.9% to AU$4,561m. The decline in sales is mainly due to the cycling of the termination of its supply agreement ...
05 November 2021
Riding the wave of growing popularity of wholesale stores in the country, Carrefour has launched its first membership-only store in Shanghai in October. Plans to open 100 wholesale stores in three years Carrefour’s first membership store covers an area of 10,000 sq m and carries around 3,000+ SKUs. It is converted from one of its hypermarket stores. The range includes trendy and novel pr...