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9 Nov 23

Updated: 9 Nov 23

Top Resellers
Review 2023

Bigboxes, Leaders, Rising
Stars, Laggards & TopTips

The bigbox share of the market tumbled again in 2023. Disintegrating Depot & sinking Staples lost heavily as Amazon's growth rocketed. Progressive independent resellers, MSP's got hammered on OP/MPS & furniture, but agility enabled to pivot to hygiene, foodservice and packaging to service their local WFH/SMB market. 

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7 Nov 23

Updated: 9 Nov 23

Depot's desperate
b l o o d y  m e s s

Sick Smith's delusional
deputy disguises demise

Beleaguered bigbox ODP Corp (aka-Depot-Max) reported another disguised demand decline in Q3'23; down -53% in volume on pre Covid 'norm' Q3'19;  We analyse chair Joe Vassalluzzo's comments in ceo Gerry Smith's 'medical' absence: the vague Varis, Veyer, Federation diversions. How much longer can Depot 'fool all the people all of the time'? Apparently, not much longer! Full Analysis inc Q&A 'charade' session 

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8 Nov 23

Updated: 13 Nov 23

CCL label sales
recovery reverses

Price hikes boost growth
plus Avery acquisitions

CCL Industries (inc. Avery), the $6Bn in sales specialist labelmaker, reported a reversal of the recovery in Q3'23. Sales were stable in food, health and personal care markets. CEO Geoff Martin commented on results across all divisions boosted by price increases, FX and acquisitions

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8 Nov 23

Updated: 8 Nov 23

KP Tissue's roll
back strengthens

Consumer market returns
boosted by price hikes

KP Tissue (ex-Kruger) the Canada based international brand tissue maker, recovered from a huge drop in demand in both consumer & business supply markets during Covid, boosted by volume and  price inflation. We analyse ceo Dino Bianco's Q3'23 report

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8 Nov 23

Updated: 8 Nov 23

PFG foodservice
slow. Vistar stars!

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 Q1'24 as businesses & restaurants returned to 'normal'. CEO George Holm commented on market share gains and the resilience of the market. Full report here...

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30 Oct 23

Updated: 8 Nov 23

Printermkrs' prices
offset lower volume

Canon, Epson, Kyo, Konica
Brother & Ricoh analyses

The big 6 Japanese printermakers reported similar volume falls in Q3'23 well down on pre Covid norm in Q3'19. So how can these major brands reinvent themselves? We analyse results and comment on plans. Updated for Canon, Epson; Kyocera, Konica. Brothet and Ricoh today

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5 Nov 23

Updated: 9 Nov 23

OPocalypse Now!
Who will survive?

Bigboxes bleed. Dealers die.
W/salers holed. Mkt implodes!

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5 Nov 23

Updated: 6 Nov 23

Bleeding Bigboxes
bankruptcy bound?

Depot dying? Staples sinking?
Axed by AMZN. Is end nigh?

Vulture capitalist Sycamore owned Staples; and Office Depot combined sales in 2008 were $52Bn; today less than $17Bn. Both are asset stripping, sinking at $1Bn pa and bleeding cash. Who will declare bankruptcy first? We discuss ...Updated

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4 Nov 23

Updated: 6 Nov 23

Sick Smith, a dying
Depot deception?

Will Bizarro return or is
it a disguised dismissal? 

In Sep ODP announced ceo Gerry 'Bizarro' Smith was taking medical leave. No news since? Depot's sales are down $5Bn since he was apponted and down -50% since the pre Covid norm in 2019. Smith has deceptively distracted the market with the disastrous Compucom acquisition; the Varis/Veyer non events; and verbose BS  commentary. We think he's gone..Here's why...

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2 Nov 23

Updated: 5 Nov 23

Vulture Sycamore
to sink Staples BA?

Huge layoffs in sales force;
battered by AMZN growth?

On Nov1 Staples laid off 500+ sales, support and marketing people in its continued cull of the Business Advantage division. Sales have plummeted $1Bn each year in recent times and now Amazon's business supply growth is greater than its total sales. Insiders are speculating that vulture capitalist 'executionist' owner Sycamore Partners will force it into bankruptcy? Updated..