Wholesaling news

 

08 March 2021
In 2020, wholesale retailer Makro (owned by Dutch private trading group SHV Holdings), celebrated its twenty fifth year of operating in Colombia. While Makro has recently scaled back its operations in other Latin American markets, Colombia remains a market of strategic importance for the business. Over the last year it has made some significant changes to its store model to better align to cus...
08 March 2021
The Grocer magazine has reported that the leading UK wholesale buying group Unitas is to source a limited number of lines from national supermarket retailer Morrisons under the Safeway brand.  The Safeway brand was launched in 2018 to provide a private label capability for Morrisons’ wholesale supply deal with the convenience retailer McColl’s. Agreement includes 36 lines in total This arr...
03 March 2021
While 2020 saw independent retailers experiencing growth unlike any other year, it was often a bewildering 12 months for suppliers to the sector. Certainly many suppliers have seen their products getting significant sales uplifts, but by no means have all benefited to the same extent. Moreover, even those suppliers that were able to ‘catch the wave’ often faced disruption as demand outstripped...
01 March 2021
Major UK convenience retailer, McColl’s has announced that it has extended its wholesale agreement with Morrisons, which will see the national supermarket operator supply the entire McColl’s store portfolio (currently over 1,200 stores) with full a range of products until January 2027. As part of the extended agreement McColl’s will increase the number of its stores trading under the Morrisons...
17 February 2021
The latest IGD review of the UK wholesaling sector shows that, despite an unprecedented spike of growth (+20.7%) in the retail channel sales of UK wholesaling in 2020, this was outweighed by the depth of the decline (-36.5%) in the foodservice channel; as its customer businesses faced repeated interruption and restriction in response to the successive waves of coronavirus infection. The net resul...
11 February 2021
Germany-based wholesaler Metro reported sales were down 11.2% in local currency terms, to €6.3 bn. The company said, despite its performance being affected strongly by COVID-19 restrictions in many of its markets, it had outperformed its peers in its core markets of Germany, France, and Italy. Western Europe sees strongest effect from pandemic Metro said its operations had performed better ...
09 February 2021
It has been announced that Darren Goldney is to step down as Managing Director of Unitas, the UK’s largest wholesale buying group.  He will leave the group in April, when John Kinney, currently Sales & Marketing Director will take over the role. Goldney a principal architect in the formation of Unitas Having joined the Today’s buying group as Managing Director in 2017, Darren Goldney was a ...
06 February 2021
Walmart-owned Flipkart has begun to deliver wholesale grocery items to Kirana stores and other small retailers in India. Pilot in Gurugram and service will be rolled out to the rest of India later Flipkart Wholesale, which connects manufacturers with retailers in 23 cities, started with clothing and footwear. With the addition of grocery products in its inventory, Kirana stores and small re...
06 February 2021
BigBasket has reported a 36% increase in its revenue to INR38,180m (US$525m) in FY20 (ending March 2020).  However, with overall expenses increasing 31% to INR44,114m (US$605m) the retailer reported losses of 26%, equating to INR7,099m (US$97m).   Intense B2B competition with the entry of big players Supermarket Grocery Supplies (SGS) operates e-grocery platform BigBasket, which supplies Ki...
01 February 2021
AEON has announced a partnership with US-based Boxed Wholesale to accelerate digitalisation of its stores.   Bridging customers from offline to online The tie-up will see the retailer using the ecommerce company’s technology to expand AEON’s offering in the online space. AEON will use Boxed Wholesale’s solution to create a storefront platform and inventory-picking software for its virtual ...