21st March 2024 Economy / Wholesale
Seasonally adjusted gross domestic product fell 0.1% in the three months ended December, according to Stats NZ, driven by weak consumer spending and wholesale trade.
Woolworths New Zealand’s newest wholesale agreement will see it supply groceries to National Retail Group’s KwikMart membership group.
MetroMart is the latest retail brand to sign a wholesale agreement with grocery company Woolworths New Zealand.
Suppliers should retain control of where their products are sold as part of a reform of the grocery sector – although the same protection should be afford to the duopoly’s private label ranges.
Foodstuffs North Island has delivered to its first external wholesale customer, Kennerley Gourmet Grocery.
The group wants more work to be done of the proposed grocery wholesale supply regulatory backstop, but stopped short of asking for it to be turfed out of proposed legislation like rival Woolworths.
MD Spencer Sonn says the government should abandon the measure because of its “unintended consequences”.
Foodstuffs and Woolworths are being forced to set up independent wholesale divisions but suppliers should not be forced to take part, says the association.
The Countdown owner says resistance from a number of large global suppliers is putting the goal of the proposed wholesale regime at risk.
The new wholesaling regime should give customers access to a full range of products, even if suppliers have contracted out of the scheme, according to The Warehouse Group.
The boss of the group’s new wholesale entity lifts the lid on how it operates, the state of negotiations, and how Huckleberry got across the line.
The Dairy and Business Owners’ Group has confirmed it is in talks with the duopoly to become a wholesale customer on behalf of its members.
“The first step of making this work is understanding the customer need from these retailers who aren’t co-op members,” says the co-op’s boss, Chris Quin.
Following a five month wholesale supply pilot, the online supermarket startup is looking for expressions of interest from retailers.
The co-op says differentiated cost pricing from suppliers will have to change to make wholesaling to external retailers work.
The grocery group wants to know who could be using its wholesale service so it can gauge demand, and get suppliers in line too.
The purchased business will be consolidated into Service Foods’ new $36m Trentham DC.
The acquisitive wholesaler is considering bringing in a private investor or an IPO as it looks for long-term capital.
Separating NZ’s supermarket duopoly from wholesaler subsidiaries like Gilmours could help suppliers, says the Commerce Commission’s grocery sector draft report.
The Foodstuffs subsidiary has filled a new senior role and is launching a revamped fresh food offering in a bid to become NZ’s top foodservice wholesaler.
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