Details

13 Aug 22

Updated: 18 Aug 22

H'ven awaits Viking
legend H e l f o r d

Top 10 OP mkt leader dies.
"It's how u make pple feel"

Sad news! OP industry legend Irwin Helford, famous for building Viking as an international mail order powerhouse, has died. Irwin, 88 yrs old, retired after he sold the business to Office Depot in 1998. He will long live in our hearts as one of the global market's true greats. Tributes from industry leaders here...Updated

Read more ...

Details

17 Aug 22

Updated: 17 Aug 22

Hybrid working
into  i n f i n i t y

How'll business suppliers
adapt to WFH service?

In June 2022 Advanced Workplace Associates (AWA) launched The AWA Hybrid Working Index to track the development of new working strategies and office attendance over time, across the world. We analyze the report and comment...

Read more ...

Details

17 Aug 22

Updated: 17 Aug 22

PFG-Vistar: food

service normalizes

Price hikes + Core-Mark
acq'n offset flat volume

Performance Food Group inc Vistar, the leading US food & beverage services wholesaler reported a huge organic sales increase in Q4'22 as businesses & restaurants returned towards 'normal'. The major acquisition of fresh food broadline leader boosted sales in addition to double digit price hikes 

Read more ...

Details

17 Aug 22

Updated: 17 Aug 22

Target's high ticket
ride slows to walk 

'Essentials' ordered online,
delivered same-day surge

$100Bn+ in sales, Target reported steady Q2'22 results from continuing buoyant 'essentials' demand, but was hit with serious mis-matched inventory issues. CEO Brian Cornell described the key positive, as strong online ordering in food, bevs & WFH categories from its personalised Shipt same-day delivery.

Read more ...

Details

17 Aug 22

Updated: 18 Aug 22

Lyreco lights
upon Denmark

"Sustainable delivery that

every workplace needs"

Global #5 office supplier Lyreco has announced its intention to acquire the leading dealer in Denmark. "It will expand the range of solutions... to deliver a better customer experience" said CEO Greg Lienard, who we speak with Tomorrow

Read more ...

Details

17 Aug 22

Updated: 18 Aug 22

Fast, Freight-Free
Delivery from WB!

Personalized Packaging
Service via Mason trucks

US#1 business supplies megadealer WBMason has progressively driven a 'One Source'  agenda over the past 15 years by expanding into hygiene, foodservice & packaging. Earlier this year it launched a comprehensive 'Shipping & Packaging Supplies' catalog. We talked to ceo Leo Meehan about progress and plans...Tomorrow

Read more ...

Details

16 Aug 22

Updated: 16 Aug 22

3M faces $100Bn
Vet earplug loss!

Claimants call for halt to
divis/buybacks until settled

3M faces more than $100Bn in losses because of lawsuits brought by veterans who blame hearing problems on faulty earplugs, says litigation consultant hired by lawyers suing the industrial conglomerate. "Flawed speculation" reacted the 3M spokesman

Read more ...

Details

16 Aug 22

Updated: 16 Aug 22

Walmart weaker
despite price hikes

Ecom down to 11%/sales.
Sam's Club brighter results

Former #1 global retailer Walmart reported slower growth in Q2'23. It continued to ape Amazon's initiatives in vain, but did benefit from higher ticket prices, CEO Doug McMillon's market share comments appear complacent given its weaker ecommerce activity. 

Read more ...

Details

16 Aug 22

Updated: 16 Aug 22

Home Depot higher

on high price hikes

PRO boosted by traders
return. WFH refits slower

Home Depot the $150Bn+ home & small business improvement supplier reported Q2'22 results. It's still benefiting from the WFH, but slower volumes were over compensated by price increases including a recovery in its PRO supply activity to SMBs.

Read more ...

Details

16 Aug 22

Updated: 16 Aug 22

Mondi packages
Italian paper mill

Containerboard conersion
plans to supply Euro-wide

Mondi the $7Bn paper and packaging group has acquired a major paper mill from an Italian competitor based in Trieste. CEO Andrew King “We are excited by this opportunity to invest in the growth of our packaging business, build on our integrated platform and broaden our geographic reach.”

Read more ...