Costco comps
Leading international $160Bn home & business supplier Costco experienced roller coaster demand during Covid. After a slower spring, double-digit growth boosted by an improved ecommerce experience for essentials has accelerated performance.
Tech's Rising Star
How have some of the UK’s fastest-growing and most profitable resellers and MSPs been transforming their businesses during Covid? This question is the crux of CRN Rising Stars 2021, which profiles 7 high-performance businesses sponsored by Agilitas
Acme safety
Acme United announced stronger Q4'20 financial results boosted by powerful sales of First Aid & Safety products in support Covid survival effort. CEO Walter Johnsen reports on its continued market share gains
Veritiv totaled in
Veritiv, the leading US paper & packaging wholesaler, continued its terminal tailspin. As an 'essentials' supplier its sales decline rate v competitors is shocking. New ceo Sal Abbate has taken over yet nothing changes. Recent share price movements indicate a take over rescue bid is imminent? Who's interested?
HPE H o l l o w
Tech relic HP Enterprise ceo Antonio Neri, continued to hype progress & divert attention from disappointing results in its opaque Q1'21 report. What's happening to drive growth? Losing share in a growth market w/services that enterprises don't want?
Target's terrific
Leading $94Bn US retailer Target reported terrific Q4'20 sales from 'essentials' demand. CEO Brian Cornell described key success factors as: higher ticket values, traffic and tripled online ordering in food, beverages and home improvement categories from personalised Shipt delivery or pick-up same day!
3 D P r i n t i n g
3D printing leaders Stratasys (MakerBot) & 3D Systems continued to report deeper declines in demand and losses in Q4'20. The bubble has truly burst + HP has yet to successfully shift in the industrial market. The Covid crisis just exacerbated their terminal decline. Updated
Z o o m booms
Video collaboration specialist Zoom (CEO Eric Yuan, pic left) continued its phenomenal progress throughout the Covid crisis with supersonic sales & profits growth in Q4'21 ended 31Jan'21, outstripping competition and gaining generic brand status
HON-Allsteel: no
HNI (HON + AllSteel), the $2Bn US furnituremaker, reported a continued crash in demand in Q4'20 in both contract & office supply markets, with ceo Jeff Lorenger cautious but confident about long term direction
MacFarlane makes
Macfarlane Group has acquired another packaging provider to further strengthen its business in the South of England. This is its 6th national acquisition in the growing UK protective packaging market. CEO Peter Atkinson reports on 2020 successful results
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