Wholesale Industry & Market News
92 news articles published
CHEF'STORE opens another wholesale store in California
US Foods CHEF’STORE has just launched its 17th store in California, bringing its total to over 80 stores across 13 states.
LMVH announced leadership changes for Louis Vuitton and Dior
Luxury goods company LVMH Moët Hennessy Louis Vuitton has announced leadership changes at flagship brands Louis Vuitton and Christian Dior.
China’s reopening boosts luxury goods market
Many analysts suggested that China’s zero-covid policies may leave luxury goods markets vulnerable if they continued into 2023.
FTC probes Coke and PepsiCo over their wholesale prices to retailers
Pepsi and Coca-Cola are under a preliminary investigation by the Federal Trade Commission over a 1930s law relating to wholesale pricing.
Offen Petroleum acquires wholesale division of Gas Depot
Colorado-based fuel supplier Offen Petroleum completed the acquisition of Gas Depot’s wholesale division on January 4, 2023.
Morphe shifts focus to wholesale market closing 18 U.S. retail stores
Morphe announced the decision last week to close all 18 US stores, with stores outside the US remaining open.
Amazon reduces corporate workforce by 5% in latest cuts
In the latest round of layoffs beginning in November 2022, Amazon will have reduced its corporate workforce by 5%.
Samsung exploring opportunities to increase its sales
One area of focus will be device integration, an area the company has historically struggled to keep up with its key competitors.
Shoplifting is becoming a serious problem for retailers
Increases in theft throughout stores in America could contribute to rises in prices and even store closures Walmart’s CEO has warned.
Amazon launches Inspire, a TikTok-style shopping feed
Building on social shopping trends, Amazon is introducing a TikTok-style video feed called Inspire.
Nike’s excess inventory is opportunity for wholesalers
Despite displaying strong growth over the last year, Nike’s problems with excess inventory have persisted.
EU enforces Amazon to treat third-party sellers fairly
Three of the EU’s most significant antitrust cases have concluded this week after Amazon agreed to a settlement.
Trident sold for $1.35 billion as Mondelez shift focus
Chewing gum brand Trident has been sold by Mondelez International, alongside other gum brands, including Dentyne, for $1.35 billion.
Zara's parent company sees growth despite signs of recession
Inditex, the owner of Zara, as well as Burshka and Massimo Dutti, have seen an increase in sales and profits this year.
Retailers started to offer significant discounts
With decreased demand in a wide range of sectors, retailers are introducing significant discounts to clear excess stock.
Bestway Wholesale's World Cup campaign
With the Football World Cup, Bestway Wholesale has commenced its campaign around the tournament representing £250,000 in investment.
iPhone production disrupted by Covid-19 restrictions in China
Apple's iPhone 14 Pro and Pro Max models are affected by limited manufacturing capacity of factories in China because of Covid-19 outbreak.
Apple moving production of iPhone 14 from China to India
Apple’s latest iPhone will apparently be manufactured in India, a lot earlier compared to the previous models.
Despite growth, Procter & Gamble is worried about the price rise
According to Procter & Gamble Co. (P&G), the company is expected to experience the slowest sales growth yet.
Amazon sues admins of Facebook groups over fake reviews
Amazon is claiming that members of various Facebook groups coordinated and posted misleading reviews in exchange for money or free products.