Wholesaling news

 

04 May 2021
CEO of Alibaba’s Freshippo grocery retail chain, Hou Yi, has announced expansion plans to open 10 more Freshippo X Stores in 2021. The first store is profitable within two months of the store opening The first X Store, Alibaba’s membership-only wholesale store, opened in October last year in Shanghai. Hou Yi revealed that the store is making profit by end of 2020, merely two months from t...
08 April 2021
The Co-op has announced its full year results for the 51 weeks to 2 January 2021, along with an announcement on its decision to repay relief it received through the UK government’s furlough scheme. Highlights Group revenue £11.5bn (2019: £10.9bn), +5.5% vs 2019 £84m of additional Covid costs during the year (£82m supported by Government economic measures), below the £97m forecast in J...
06 April 2021
Reliance Retail has announced that it is extending the date to complete the purchase of Future Retail.  While waiting for the merger to be approved by the authorities, Reliance Retail is focusing more on growing its private label brands, while Future Retail has enhanced its digital capability with a two-hour delivery guarantee for online shoppers of Big Bazaar. Potential acquisition of Future R...
23 March 2021
Following much speculation, Costco is reported to be entering Sweden in autumn 2022. The leading retailer, which reported revenue growth of 9.1% to $166.2bn in 2020, is due to open its first store north of Stockholm in Täby. 13,000 sq. m premises secured in growing location Trophi , ‘the Nordic region’s leading real estate company in the grocery trade’ has confirmed a contract for ...
17 March 2021
Metcash held an investor meeting on 16 March, announcing a trading update, as well as its ambitions for growth post COVID-19. We highlight what we believe to be the top five significant priorities for Metcash over the coming years. 1. Retain customers gained due to the pandemic Metcash has undoubtedly benefitted from changing shopping habits because of the pandemic. Its network of over 5,00...
17 March 2021
As Metro AG’s local operations commit to its long-term strategy, the group launches new services to support HoReCa customers and partners with Loop to reduce single-use plastic packaging. Metro launches DISH to support HoReCa businesses As it looks to support independent restaurants, Metro’s tech division, Hospitality Digital, has launched a new tool, DISH Order. The solution plugs into res...
09 March 2021
In the second part of our look at mechanics UK suppliers are employing to re-engage with independent retail ( to catch up on part 1 ), we consider how they are using the online channel to connect with the trade more in 2021. Enhancing online communication: Unilever relaunches ‘Partners for Growth’ In a world where in-person communication and implementation may be unwelcome or restricted b...
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 arra...
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...