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17 Aug 23

Updated: 28 Aug 23

FEMSA finally set
to sell off Envoy

PE Firms combine to
acquire Hypac roll up

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16 Aug 23

Updated: 28 Aug 23

A v n e t  advance
d e c e l e r a t e s

Tech demand normalizing
boosted by price inflation

Avnet, the slimmed down $26Bn in sales, leader in electronics distribution & services accelerated sales growth in Q4'23 with US to the fore and Farnell its UK arm recovering. CEO Phil Gallagher has made a strong impact, aided by high price increases...

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16 Aug 23

Updated: 28 Aug 23

Ace's pace picks
up in WFH mkt

Dealer group increases
market share v bigboxes

Ace Hardware the leading dealer owned, home improvement cooperative, reported stronger growth in Q2'23. The best practice model group, increased market share vs Home Depot & Lowes, proving the power of personalized marketing and convenience over a buying group mentality. Full results analysis here....

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16 Aug 23

Updated: 28 Aug 23

PFG-Vistar: food

service normalizes

Price hikes feed market
share gains in restaurants

Performance Food Group inc Vistar, the leading US food & beverage services wholesaler reported a steady sales increase in Q4'23 as businesses & restaurants returned to 'normal'. CEO George Holm commented on market share gains and the resilience of the independent restaurant market. Full report here...

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16 Aug 23

Updated: 28 Aug 23

Target:high ticket
ride trends lower

'Essentials' ordered online,
delivered same-day steady

Target, the $109Bn+ sales US retailer, reported slower results in Q2'23 results. CEO Brian Cornell described strong online ordering in food, beverages & WFH categories from its personalized Shipt same day delivery service. Full management commentary and analysis here

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16 Aug 23

Updated: 28 Aug 23

WBMason's Master
Chief: Leo Meehan 

'One Source Biz Supplies'
personalized svc success

Next year Leo Meehan, ceo of WBMason, reaches his 50th year at the US mega-business supplies reseller. Starting as a rep with <$1m sales the dealer has grown meteorically to $1.6Bn! We sat down with Leo, following WB's successful Vendor Day, for the first time since Covid, to discuss its remarkable progress and strategic growth plans. Complete

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15 Aug 23

Updated: 28 Aug 23

HomeDepot slow;

AvgTkt prices flat

PRO stalls after resilient
return. WFH refits softer

Home Depot the $150Bn+ home office & small business improvement reseller reported a Q2'23 results decline. It has benefited from strong WFH trends, but volumes fell slightly, with flat average ticket prices. CEO Ted Decker commented on sa slowdown in its PRO supply business with SMB traders. Report analysis complete; inc. analysts' Q&A session

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15 Aug 23

Updated: 30 Aug 23

Bunzl bundles
another 5 acqs

Adds $125m sales: Canada
Brazil, Spain & Netherlands

Bunzl, the $14Bn international business supplier today announced it has acquired 5 resellers in the hygiene, foodservice and packaging markets across Spain, Brazil, Netherlands and Canada. CEO Frank van Zanten commented on the acquisitions...10 year to date. 

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14 Aug 23

Updated: 14 Aug 23

Xerox asset strip
stays on course

3D systems unit sold off
to focus on core services

Xerox today announced it has sold Elem Additive Solutions unit to a 3D manufacturing specialist. Its liquid metal 3D printer, ElemX, was developed to be a safer and simpler solution, addressing supply chain resiliency for the transportation, aerospace, defense and industrial market.  Now its been cashed in as part of ceo Steve Bandrowczak's ongoing asset stripping program

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14 Aug 23

Updated: 29 Aug 23

FTC pressurizes
Amazon practices

Anticompetitive acts re-
Private label & 3Pty sellers

"Regulator holds ‘last rites’ Amazon talks" headlines TheTimes today. It is expected to meet US top competition FTC officials this week as they consider whether to proceed with a lawsuit against the world’s largest reseller. A spokesman for 'Godzilla fdescribed reports as "speculation"