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Clorox cleaned out
by huge cyberattack
Chemicals maker sales
sink from service disruption
Clorox the $6Bn in sales, cleaning brands giant, reported sinking sales volumes again in Q1'24. CEO Linda Rendle' has endured a tumultuous 3 years with self inflicted supply shortages compensated by high price inflation. Now its suffered major cyber attack disruption Full report analysis here
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Imperial packs up
another CA dealer
Acq #75, 17th in 2023
to reignite roll up race?
VC Advent owned Imperial Dade confirmed acquisition #75 in its roll-up of regional HyPak (aka hygiene, foodservice & packaging) suppliers in US-Canada. Will this latest play in Canada spark the takeover stakes with VC empowered duo '#BrandVoy' Full details, analysis and comment here...
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Conduent ship sinks
deeper and deeper
Benefit/Wallet transfer
causes $300m write down
Conduent the ex-Affiliated Computer Services company, now 6 years split from Xerox, declined deeper in Q3'23. The CEO appointed by Chainsaw Carl Icahn is under pressure as sales have sunk by -40% from $6Bn since it was launched in Jan'17.. Moreover its suffering huge write downs on asset disposals...
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Wayfair's weaker
demand steadies
US mkt flat. International
demand soft. Price boosted
Wayfair, the $12Bn US/UK home & office furnishings etailer, reported its 9th consecutive quarter sales decline in Q3'23. The Covid lockdown proved a huge WFH sales boost, now sliding back. CEO Niraj Shah has made good progress in steadying the ship and reducing losses amid takeover speculation..Report analysis here
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C D W: Computer
Demand Wakes up?
Corp, SMB, UK/CA down
Health Care/Edu in growth
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Unilever dilemma:
Purpose v Profits?
New CEO "ESG should not
be force fit on every brand”
Unilever has purpose so deeply ingrained that even Greenpeace has been an advocate. It should therefore be wary of the risks of rowing back. New 'turnaround specialist' ceo Hein Schumacher criticised his predecesor stating "Purpose can be an “unwelcome distraction” for some brands and “irrelevant” for others" We discuss...
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Global Industrial
intensifies focus
Steady gains w inflation,
contracts & Indoff acq
Global Industrial (ex-Systemax) the slimmed down industrial supplies reseller, withdrawn from the IT business, continued its steady progress. Sales grew again in Q3'23 boosted by inflatjion. new contract deliveries and of course the Indoff acquisition
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Ecolab's higher
hygiene returns
Recovering volumes
boosted by pricing
Ecolab the $14Bn in sales, cleaning & hygiene supplies giant to the health care & food services market, reported a strong recovery across all categories in Q3'23. CEO Chris Beck said "We continue to strengthen our foundation, by making investments in our Life Science business".
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HON Allsteel: sales
recovery in progress
Volume down -16% v '19
Kimball acquisition boost
HNI/HON+ AllSteel) the $2.8Bn US furnituremaker, reported slow gowth in office demand in Q3'23. CEO Jeff Lorenger commented complacently given the slow RTO hurting contract sales and growth in WFH markets; added more details of the Kimball acquisition and the Poppin disposal
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Samsung sees chip
recovery in 2024
"Device sales reached bottom"
AI adoption boosts LT demanf
Electronics giant Samsung's CEO Han Jong-hee reported slumping sales and profits in Q3'23, including weaker sales of the new Galaxy Z Flip phone. Chip sales declined caused by the slump on IT devicw demand, the abating China lockdown, but prpspecrs for 2024 were brighter
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U n i t e d Front:
Engage everyone!
Bourton broadens from OP
to hospitality & foodservice
Graham Bourton, MD of United Managed Services, the MK based national reseller of OP, foodservice and hospitality supplies, has been nominated 'Leader of the Year' at BOSS Awards next month. We interviewed him on Friday to get his thoughts on leadership, the successful transition towards hospitality services and his proud achievements.... Updated
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