Wholesale

UK Wholesale Market Sees Growth Slow In 2020 Due To COVID-19 Challenges

The UK wholesale market saw growth of 2.8% in 2020, although this slowed year-on-year due to the impact of the COVID-19 pandemic on operations, according t...

A Single Market For Sourcing Could Save Consumers €14bn, Study Finds

A study on Territorial Supply Constraints (TSCs) by the European Commission has revealed that a single market for sourcing consumer products could save con...

Costco Sees Sales Up 16% In First Quarter

Costco Wholesale Corporation has announced a 16.0% increase in comparable sales in the first quarter of its financial year, to $46.33 billion (€38.2 b...

China's Largest Wholesale Market Suspends Sales, Storage Of Frozen Goods

China's biggest wholesale food market has suspended the sale and storage of chilled and frozen meat and seafood as the government ramps up i...

Wholesaler Metro Announces CEOs For 'Transition Period'

Cash and carry giant Metro AG has announced that Christian Baier, the company's CFO and Rafael Gasset, its COO, will jointly assume the position of chief e...

Wholesaler Metro Acquires Portugal's Aviludo Group

Wholesale group Metro AG has announced the acquisition of Aviludo Group, the second-largest foodservice distribution player in Portugal, for an undisclosed...

Metro Turnaround Continues, As Q4 Sales 'On A Par' With Last Year

Wholesaler Metro said that its fourth quarter like-for-like sales performance was 'roughly on a par' with the previous year, driven by a 'notable' recovery...

Costco Beats Estimates As High COVID-19 Costs Weigh On Shares

Costco Wholesale Corp recorded high coronavirus-related costs for the second straight quarter, overshadowing its better-than-expected results and sending t...