Tecovas’ Post

As a family-owned and -operated #distribution company, Holt Supply showcases its next generation of leaders — with all four third-gen Holt siblings involved in the business. Learn more in this month's issue of #TheWholesaler!

What happened after my first wholesale deal? I tired to scale the business too fast before I really knew the business and wasted a lot of money on marketing and team members that didn’t work out. Double down on what got you the results in the first place instead of having a shiny object syndrome 🏚️💰 #wholesalinghouses #realestatewholesaling #wholesalerealestate #realestateinvestor

Salt Life retail stores are closing. Too salty perhaps? The iconic beach brand's parent company, Delta Apparel Inc., was sold through a court sanctioned bankruptcy auction in September. The purchase includes the Salt Life brand and its related assets. (via Retail Dive) 🏢All of Salt Life's 28 retail stores, across 10 states, will close. Liquidation sales are already underway. The company will focus on e-commerce and wholesale. 📉It's sad to see Salt Life have to close its retail stores but apparently the company had been experiencing declining demand, among other issues. Hopefully, we'll see them return to a physical presence in the future. I can see them participating in events and hosting pop-ups as part of their business model. Perhaps this trimming down will help them reorganize and ride a wave of regained momentum as they recapture the spirit of their surfer origins. 🌊I think they have a great brand and am hoping they can “get their head above water” and continue their past WAVE of success! 📍Read more here: https://bit.ly/3BrhTmW

For four decades, BJ's Wholesale Club opened stores mostly along the East Coast, but having done well wherever it has opened a store, the chain is embarking on an aggressive expansion that could take it across the country. BJ’s opened its 245th store last week in Palm Coast, Fla., and plans 10 more new stores through the end of its fiscal year in January. At least 10 to 12 are expected next fiscal year. BJ's competes with Costco Wholesale and Sam's Club, but its ultimate aim is to compete for grocery dollars against the traditional supermarkets, not just the other wholesale clubs. The typical BJ’s store carries more than 7,000 different items, including an extensive assortment of groceries, fresh produce and deli compared to around 4,000 SKUs at Costco. BJ's stores range from 60,000 to 160,000 sq. ft. BJ's also operates BJ’s Market, a smaller-format store of roughly 40,000 sq. ft., that’s roughly half the size of a full-sized club location. BJ’s entered Tennessee and Alabama last year, and now plans to open its first store in Kentucky, its 21st state. The Dallas Morning News reported BJ’s is eyeing locations east of Dallas, with possibly two more in Texas. Another new location is in Carmel, north of Indianapolis, BJ’s second location in Indiana.

Is your dealership haunted by wholesale chaos? Don’t let inefficiencies drain your profits! With WHIP Bay’s platform, you can exorcise those spooky blind spots and get a clear view of your wholesale performance. This Halloween, trade in those inventory frights for streamlined insights! Take advantage of our TWO months FREE offer with promo code WHIPEXTRA—but beware, this deal vanishes at midnight on October 31st! 🎁⏳ Don’t let your wholesale strategy turn into a ghost story—subscribe now and banish those inventory ghouls for good! 👻🎃 👉 whipbay.ca #AutomotiveDealership #WholesaleManagement #DealershipSuccess #PerformanceAnalytics #CanadianCarDealerships

President and CEO of Associated Wholesale Grocers since 2023, Dan Funk joined the Kansas City-based cooperative wholesaler in 2012 and worked his way up the executive leadership team. Funk has worked at every level of the grocery industry over the course of his lifelong career, from store level to management, at retail and wholesale. Funk recently shared his thoughts on leadership, collaboration and the state of the industry with National Grocers Association Independent Grocer magazine. The following are excerpts from his responses; you can read the full profile in the Summer 2024 issue of Independent Grocer. Q: How can independent grocers remain competitive in the face of competition from big-box stores and national chains? FUNK: Retailers who focus on their unique value proposition that differentiates their business from others is critical to ongoing success. Finding areas where they can excel within their local markets compared to competitors, and leveraging those strengths to continue to grow their business, is key. As a wholesale partner, we work to leverage the scale and provide services that any member retailer could not do within their own business at the same scale or efficiency. Bringing new programs, products and services to retailers is also a big part of the support that wholesale teams can provide in keeping independent retailers more competitive beyond the actual scale in the supply chain that a wholesaler can bring forward. Q: What are the most important issues facing independent grocers? FUNK: Finishing out 2024 and into 2025, certainly how the economy plays out will be critical. The consumer has been strained, and while some metrics conflict within the national view, many consumers are being impacted negatively. Seeing some leveling of consumer impacts that can create added consumer strength, and everyone will be watching closely. With the 2024 election, a large focus will be on continued progress that NGA, independent retailers and wholesalers have been focused on related to power buyers negatively impacting independent retailers. Also, the areas of regulation that are putting added cost burdens on retailers and wholesalers, disproportionately impacting smaller retailers across the U.S. and ultimately raising prices to consumers.

With a single storefront location in Muncie, Indiana, The Knapp Supply Company Inc since 1874 has firmly established itself as one of the nation’s rare independent, family-owned and -operated wholesale distributors in the PHCP industry celebrating more than a century and a half in business. Learn more about the company's enduring legacy and commitment to quality and personal service in Editor Ruth Mitchell's feature for #TheWholesaler!

Doing it the RIGHT WAY. 🙂 We made Top Shop on Faire!!! 🥳 A combination of metrics as a wholesaler (all of which we aced) that include: - No late shipments (you only need less than 10%) - No returns (you only need less than 3%) - No missing items (you only need less than 3%) - Perfect 5 star review average from retailers (you only need 4.8 and up) - At least 5 orders in a quarter (we had 13 in our first quarter since acquiring and relaunching Detroit Jerky) You don't have to be PERFECT on each one of these to get to Top Shop, but we were. 👊 Retailers - GET YOUR JERKY. #Faire #Wholesale #Vegan #Retail

Bob Eddy, chairman and CEO of BJ's Wholesale Club acknowledged in a recent earnings call that he’s “pushing pretty hard” to grow its warehouse club count even faster than in recent times, with more store units in the pipeline than during any other time in the past 20 years. BJ’s opened six new warehouse clubs in the fourth quarter of 2023, and the company plans to open 12 brick-and-mortar clubs in 2024. Opportunities to bring a BJ’s to your market are significant. BJ’s currently operates only 244 clubs in 21 states (average size 113,000 square feet). By contrast, markets with a Costco Wholesale club are more saturated. Costco operates 603 clubs in 47 states and Puerto Rico (average size 147,000 square feet), 108 in Canada, 40 in Mexico and 124 in 10 other countries including 33 in Japan, 29 in the U.K., 18 in South Korea, 15 in Australia, 14 in Taiwan and 6 in the People’s Republic of China.

BJ's Wholesale Club is making good on its previously announced plans to open 12 new locations in fiscal year 2024. The company has shared the five latest stores coming to its footprint, building on its already aggressive expansion plans. New locations include: Maryville, Tenn.  Myrtle Beach, S.C. Palm Coast and West Palm Beach, Fla. Carmel, Ind. The company also announced expansion into its 21st state as it plans to open a location near the Jefferson Mall in Louisville, Ky., early next year. The new Louisville club will include a BJ’s gas station, and is expected to create approximately 150 jobs. During the company’s Q4 and FY23 earnings call, BJ’s Chairman and CEO Bob Eddy shared that BJ’s plans to open 15 new gas stations during FY24. Some of those locations will be at clubs that don’t currently have gas stations, while others will be brand new. | Progressive Grocer https://lnkd.in/gW7_rZEB #retail #wholesale #clubs #grocery #gasstations #expansion #supermarkets