From Printer paper
Supermkt shames
Vulture voracity
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Armor accelerates
print consolidation
Reman & compatibles market
freefall favors major survivors
Leading European ink cartridge remanufacturers and compatible makers and distributors are consolidating fast in the face of secular market decline and competive pressure from HP. Leading player Armor has accelerated its acquisition activity with the takeover of a German rival.
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Shopify strikes Faire
wholesale mkt deal
Ecommerce partnership with
independent brand mktplace
Shopify the leading ecommerce platform provider will become a shareholder in rapidly growing independent brands wholesaler Faire. As part of a deeper partnership between the two companies Shopify will recommend its merchants use Faire’s platform to find new customers and suppliers.
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Acco legend Dez
LaPlace passes
Global OP#1 brandmaker's
gentleman remembered
Dez Laplace the legendary sales chief of AccoWorld Corporaation, the #1 OP brand back in the 80's has passed away peacefully aged 91yrs. LaPlace and ceo Doug Chapman were an irresistible partnership in innovation, creativity and customer relations. We fondly remember those glory years and the huge impact of 'Gentleman Dezzie' in US and international markets.Tomorrow
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Acme accelerates
meds investments
Acquires failed Canadian
first aid kit specialist
Cutting tools and safety supplies maker Acme United Corporation today announced it has acquired selected assets of a supplier of first aid and survival kits, medical supplies, and training. The company was in receivership and the purchase price was approximately $1.0m. Details here....
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Ferguson plumbs
back from highs
Ferguson plumbsAcquisitions stream slows
as sales approach $30Bn
Ferguson (inc.Wolseley) the #1 US plumbing supplies wholesaler, reported a decline in sales in Q4'23 ottset by acquisitions. We speak with ceo Kevin Murphy about progress and plans in its equally split residential and commercial markets. Results analysis complete
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Costco: growth
grinds below +5%
Traffic up. Prices down!
Sales +60% v norm 2019
Costco the $230Bn+ international home & business supplier's growth slowed from its double-digit roll in 2022. "Store traffic steadied with flat ticket values" said ceo Craig Jelenik. However, its logistics acquisition drove lower cost and faster service". Report analysis here plus Q&A session tomorrow
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MillerKnoll's hybrid
work growth stalls
MillerKnoll's hybrid New concepts unable to
offset soft RTO demand
MillerKnoll the #1 furnituremaker maintained its focus on hybrid office demand, but the soft contract market showed no signs of recovery. Retail designs slowed too. Outspoken CEO Andi Owen seems complacent about the tough contract market prospects. Results analysis here
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FTC accuses AMZN
of illegal protection
Is chair Khan's attack
aping EU's aggression?
The Federal Trade Commission (FTC) is suing Amazon, stating that its online store, marketplace and services to merchants illegally stifled competition. “Today’s lawsuit seeks to hold it to account for these monopolistic practices and restore the lost promise of free and fair competition,” said Lina Khan, the chair of the F.T.C.
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Synnex s t a l l e d.
Losing mkt share?
#1 $60Bn tech wholesaler
integration slows progress
TD Synnex, the #1Global IT wholesaler has recovered from serious Asian supply problems, but is now suffering slower demand. Complacent CEO Rich Hume commented on positive "momentum" in spite of declining volume growth in its Q2'24 financial review. Report analysis complete inc Analysts' Q&A session
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Cintas' resilient
revenue recovery
Cintas' resilientUniform, Health & Safety
Services growth returns
Cintas the $10Bn uniform services specialist, continued its powerful sales recovery in Q1'24. CEO Todd Schneider plans to accelerate its 'Ready for the Workday' strategic services direction "enabling customers more time to focus on their business, that boosts mutual profitability". Report analysis here
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