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smith jenn innovative 22"To know know her
was to 💜 💜💜 her"

The Celebration of Jennifer
Smith's Inspirational Life


Today at Jennifer Smith's beloved Minnesota Vikings stadium, family, friends, teammates and industry leaders came together to celebrate the Innovative leader's beautiful life. 'Sherpa' husband Brooks, son Max and daughter Maddie gave wonderful, heartfelt eulogies to the lady "who lit up a room" and "never, never gave up"

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Danziger steve AAAAAA consolidates
SFBay area market

Claims of NoCal leadership
probably exaggerated?


Steve Danziger,
founder & ceo of San Francisco AAA Business Supplies resumed his local multi-acquisition strategy with addition of a neighbouring OP dealer. Claims of #1 reseller in the hugely depressed Bay Area market though may be overstated?

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jassy andy amazon talks lrAmazon's Jassy
confirms job cuts

After adding 800k in 2yrs
lays off 18k in tech/stores


Amazon ceo Andy Jassy
confirmed 18k job cuts in stores and tech, up from his estimate of 10k in November. This compares with a total workforce of 1.6m, up +100% since 2020. We understand warehouse employment levels have been maintained in line with 8% increase in volumes 

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Gershwind Eric MSCIndMSC Indl supply
revenues resilient

Higher sales of hygiene
& safety boost profits


MSC Industrial Supply
, a leading $4Bn MRO distributor reported continued double digit growth in Q1'23. CEO Erik Gershwind was positive about demand forecasts and higher profitability ahead of the market index

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van zenten frank bunzl 18Bunzl bundles up
in Meds & PPE

Reports double digit sales
growth from price inflation


Bunzl, 
the $14Bn international business supplies wholesaler reported preliminary results for 2022. Real organic volume growth was marginal and continued to be boosted by high inflationary prices. CEO Frank van Zanten commented 4 acquisitions in Q4 (approx $50m in sales) and a healthcare unit disposal 

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Bezos Amazon deliverymanJeff Bezos back to

advance Amazon?

Mkt cap crash, exec exits.
Inspirational leader recall


Tough times call for great leaders. Howard Schultz, Starbucks founder has returned more than once. Now, Amazon may restore founder Jeff Bezos as ceo. Even with sales up 80%+ on pre Covid norm 2019; and doubling the workforce; the market cap had crashed 50% to $1Tn.. Meanwhile, apprehensive ceo Andy Jassy's management has lacked inspiration

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West Butch Julie AZORAZOR acquires
Memphis mate

Tennessee tie up covers
market from East to West


Nashville based A-Z Office Resource owned by Butch and Julia West continued to consolidate the Tennessee market with the acquisition of Memphis' leading dealer. Expect more OP resellers roll ups by progressive independents in 2023, as traditional, transactional dealers fail to adapt to the new broadline business marketplace...

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Screen Shot 2022 08 07 at 2.29.06 PM

Economic Outlook:
Soft land expected

GoldmanSachs expert view
on '23: GDP, Jobs, Inflation


The key macroeconomic question of the year has been whether inflationary overheating can be reversed without a recession. Goldman Sachs' experts analysis suggests that the answer is yes—an extended period of below-potential growth can gradually reverse labor market overheating and bring down wage growth and ultimately inflation, providing a feasible if challenging path to a soft landing.

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Complete UK montage 2015 thumb medium300 0Complete enters
into administration

Merger machine crashes;
failed to integrate systems


Complete Business Solutions
the £100m+ in sales, Wakefield (UK) based roll up of regional OP resellers has fallen into administartion after failing to achieve refinancing. In recent years, it acquired some top dealers e.g. Bluefish, Irongate, but failed to integrate systems and expand in new market categories. It hit a wall during Covid and has failed to recover losing many key executives...

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smith gerry depot deckchair shifter 21Activist 'Vulture'
preys on Depot

How soon before Bizarro
banished by investors?


Activist investor HG Vora Capital Management, LLC has taken an 11% stake in beleagured bigbox ODP Corp ex-Office Depot. The obvious question is how long can ceo Gerry 'Bizarro' Smith  survive after a destructive 5 year reign that sank sales by $5Bn, profits and market capitalisation in spite of huge acquisitions  

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