Wholesaling news

 

29 July 2021
Metro Group has published Q3 results and announced it has raised its outlook for sales and EBITDA for its 2020/21 financial year due to ‘ better than expected business development since the easing of restrictions ’. Like-for-like sales up by 15% in Q3… Metro reported total sales were up by 12.2% to €6.2 bn, while sales in local currency and like-for-like terms rose by 15.4% and 15.0% respec...
22 July 2021
It has been revealed that Sainsbury’s is to stop supplying any B2B customers with a wholesaling service, as it seeks to return focus to its core supermarkets business. The most notable customer affected is the symbol group Simply Fresh, which has successfully transitioned five of its independent retailer members to its ‘supplied by Sainsbury’s’ model since it was launched in January 2020. It se...
14 July 2021
Sam’s Club has developed a new feature as part of its Scan & Go technology which enables members to scan a product in-store for delivery direct to their home or business. Integrated into Scan & Go The Scan & Ship programme has been integrated into the retailer’s Scan & Go feature within its app. Members using the feature scan a product in the club and choose to have it delivered to their ho...
14 July 2021
In its latest accounts filed with Companies House for the year to 30 August 2020, Costco UK has recorded total sales up 15.7% to £3,130m across its combined warehouse and online operations. The core warehouse business, operating from 29 sites across the UK, saw its sales rise 14.5%, all but reaching £3bn for the first time. ‘Food & sundries’ were the key drivers With shoppers focused on sho...
08 July 2021
Local trade publication Distrifood has reported that Netherlands-based Jumbo has begun a collaboration with Makro to sell part of the latter’s business-focused range through its own website. Collaboration to add almost 1,000 new SKUs Jumbo will add almost 1,000 SKUs from Makro exclusively at the web site address Jumbo.com/zakelijk. The additional products will help it target the needs of sp...
02 July 2021
In its latest accounts filed with Companies House (for the year ending June 2020), Bestway the leading independent UK wholesaler reports that following three quarters of falling sales up to March 2020 thereafter growth accelerated rapidly, with the last three months of the period driving the full-year outcome positive as a result. Total wholesale group sales at £2,463m Including wholesale o...
30 June 2021
Metcash has released its annual results for the year ending 30 April 2021 with sales up 10.1% to AU$16,361.1m and EBIT up 19.9% to AU$401.4m. With sales significantly benefitting from changing shopping habits driven by the pandemic, as well as the retailer's progress against its strategy, we pull out our key learnings from the results and what to expect next. Food sales up 3.1% to AU$9,389.7m ...
15 June 2021
Leading online pureplay, Boxed, and Seven Oaks Acquisition Corp., a publicly-traded special purpose action company, have announced a definitive agreement for a business combination that would result in Boxed becoming a public company. This will unlock new investment in the online grocery and tech company. Unique business model Boxed has developed an innovative approach to grocery ecommerce,...
11 June 2021
Australia’s market leading retailer continues to make progress against its strategic priorities, we round up some of the biggest developments over the last few weeks. PFD Food Services acquisition approved Woolworths has finally been given permission to acquire Australia’s second largest foodservice supplier, PFD Food Services. The retailer originally announced its intent to buy a 65% s...
03 June 2021
Following Alibaba’s example, Yonghui, Suning-Carrefour and fudi are opening membership-only wholesales stores with a local twist. Yonghui opens its first membership store in May and four more are under planning Yonghui has upgraded one of its Bravo YH supermarkets in Fuzhou to a wholesale store. Launched on 1 May, the store occupies an area of 11,000 sq m. The warehouse-style industrial she...