Wholesale Liquor and Wholesome Warehouse: Retail Wholesalers of Ireland
Wholesaling companies have been operating across the country for decades, but this year has been different as they have seen their business boom.
Wholesaler of Ireland (WCI) has welcomed the new entrants into the market.
It is pleased to see so many of the large wholesale retailers who have not been able to attract a new customer are now competing in this space and we are very encouraged by the success of some of the new brands.
There are some very well established brands that have seen significant growth in their retail channels and it is very exciting to see that they are also finding new customers who may be willing to spend a little more money to buy their products.
WCI chief executive Brendan Hickey said that he is happy to see the success stories of some new wholesale companies.
“Wholesale retailers have always been a target market for our competition.
We have always made it clear to them that they need to compete with the best in the world,” he said.
WCI is also looking to increase its involvement in retail. “
There are a lot of challenges that they have to face in the coming years, and the challenge of providing great service and the ability to deliver a range of products is an area where we have to keep improving.”
WCI is also looking to increase its involvement in retail.
“WCI will work closely with the retailers to increase their exposure to customers and ensure that they meet the needs of their growing business and customer base,” Hickey added.
He said that in the past, some of his retailers had been unwilling to take on wholesale competition because they had had too much to sell.
“They would rather focus on their retail channel, and I believe they have got a lot to learn from us,” he added.
The retail sector is a major source of revenue for the State, which also employs approximately 8,000 people in the wholesale sector.
In 2017, the Government made a commitment to reduce the number of wholesale jobs from 6,000 to 5,000.
“It’s an important commitment for us as the Government, as well as the retail sector,” Haney said.
The Government’s pledge will also see the Government invest in a new research and development (R&D) centre, which will be open for business from September.
It will be in the form of a new facility that will include an advanced manufacturing centre, a logistics centre, research and innovation facilities, and a research centre on online and digital products.
This new facility will be responsible for building the next generation of R&D tools and technologies that will make the wholesale industry more competitive, and better able to compete against global giants such as Walmart and Amazon.
The announcement came as retailing figures for the week to 30 August 2017 showed a decrease in the number who were paying for retail, while those who are buying wholesale are increasing their purchases.
There were 2,735 wholesale sales in Ireland during the week.
This represents a decrease of 0.7% compared to the same period last year.
Retail sales were up by 7% compared with the previous week.
Overall, retail sales in the week were up 1.4%.
In terms of the industry, wholesale sales were down 3.3% compared for the same week last year, while overall retail sales were flat.
For the week ended 30 August, total retail sales stood at €9,852,000, an increase of 5.3%.