Wholesaling news

 

22 September 2021
The country is seeing a wholesale store boom. Yonghui opened its first wholesale store in May 2021, it now has 45 such stores. Local retailers are rushing into the wholesale sector, encouraged by Yonghui’s good results Yonghui opened its first wholesale store in May 2021 by upgrading one of its Bravo YH supermarkets in Fuzhou. Within four months, it has upgraded 45 selected stores into wh...
20 September 2021
In a significant expansion of its interests in wholesale, Morrisons has partnered with online platform StarStock to supply hospitality businesses. 1,500 lines to be offered through online platform The deal with will allow pubs, restaurants and hotel owners to buy stock directly from the Bradford-based grocer. Initially over 1,500 lines will be offered through StarStock’s platform, includi...
16 September 2021
The company sees slowing growth of its hypermarket sales amid ecommerce shift, whilst demand for its premium goods at Sam’s Club is growing. Growth of hypermarket sales slows in China According to Bloomberg, sales in China’s supermarket and hypermarket sector fell more than 7% in the second quarter of 2021 compared to a year ago, as more Chinese shoppers shift online. Walmart has also flagg...
16 September 2021
Leading national co-operative retailer, Co-op has reported its interim results for the first half of 2021 (26 weeks to 3 July) with sales in its convenience-led Food division (excluding fuel) down 2.8%. This expected decline comes amid a more normalized trading pattern in 2021, compared to the extraordinary surge in consumer demand seen in the early stages of the COVID-19 pandemic from March in 2...
07 September 2021
We bring you the latest news on Metro Group’s international activities. Metro Austria acquires Rewe’s wholesale stores The Austrian division of Metro has acquired nine wholesale stores belonging to Rewe, as well as its delivery business. Sales from the business were €125mn in 2019 and customers totalled more than 20,000. This move enables Metro to strengthen its presence in Austria and buil...
12 August 2021
Leading independent food and grocery wholesaler, Bestway has appointed Tim Fairs, as Director of Marketing with responsibility for marketing across its stable of retail symbol group fascias that includes Bargain Booze, Best-One, Costcutter and Wine Rack. He joins from convenience retail multiple McColl’s where he was Customer Director from 2018. Role to support major retailer recruitment drive...
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...