Wholesaling news

 

27 June 2022
Latest accounts filed with Companies House show the UK operation of global warehouse club operator Costco saw its sales rise by 14.4% in the year to 29 August 2021, reaching £3,582m over the 12 months. This is the wholesaler’s second year of double-digit growth over the pandemic period, following its +15.7% performance in the year to 30 August 2020 . Outstanding ‘pandemic’ result with broad...
27 May 2022
While most retailers have seen inflation benefit their top line in their latest quarterly performances, many have seen their profitability dip. Unable to pass on the full impact of higher costs to customers, or reduce costs in other parts of their business given the rapid run-up in inflation this year, margins have been impacted. But Costco has fared better. We look at how it outperformed its pee...
23 May 2022
After two disrupted years, rather than a return to normality, the eating out sector is facing a new set of challenges.  The issues outlined in our UK Eating Out Market Forecasts 2022 , such as rising costs, staff shortages and financially-stretched consumers, are shared by many countries around the world.   These significant headwinds may slow recovery, however we anticipate a period of inten...
19 May 2022
Co-op wholesale subsidiary, Nisa has announced that Steve Leach, a key figure in its sales team since 2014, and latterly sales director, is to leave the business. As yet, no like-for-like replacement has been announced. A major pillar of continuity in the transition to Co-op ownership As an established member of the Nisa team in 2018, Steve’s tenure has included the integration of the busin...
19 April 2022
Sam’s Club is evolving its Member’s Mark private label to be a purpose-driven brand. New brand identity Member’s Mark is the retailer’s sole private-label range having consolidated around 20 different brands in 2017. Over the last five years, it has continued to invest in product development and quality, with more than 1,200 new or reformulated items launched in the last two years. Building...
08 April 2022
Latest accounts filed with Companies House for the Bestway Wholesale Holdings business (covering all Bestway’s wholesaling, retail and symbol group operations) show that combined turnover for the year to June 2021 reached £2,660m, up 9.6% on 2020. Against a background of solid demand within the core wholesaling business (under the Bestway and Batleys brands) performance was notably boosted by the...
30 March 2022
Latest accounts filed with Companies House show that leading northern regional food and grocery wholesaler, Parfetts saw turnover increase to £570m in the year to 30 June 2021, a rise of 19.2% on the previous 12 months. Building on the 26% growth recorded in 2020, Parfetts turnover has leapt by nearly 50% over the two-year period from June 2019. With a customer base heavily weighted to independen...
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...