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The latest IGD review of the UK wholesaling sector shows that, despite an unprecedented spike of growth (+20.7%) in the retail channel sales of UK wholesaling in 2020, this was outweighed by the depth of the decline (-36.5%) in the foodservice channel; as its customer businesses faced repeated interruption and restriction in response to the successive waves of coronavirus infection. The net result for the UK wholesaling sector was an overall fall in sales of 2.3%, leaving its value for the year at £27,986m.
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This latest update of IGD’s unique wholesaling dataset seeks to measure the profound impacts affecting the sector in 2020 as well as tracking the key changes occurring in the channel such as the adoption of online/electronic ordering and the shift into delivery service.
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04 June 2020
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Use our COVID-adjusted forecasts on over 400 retailers in over 180 countries
Wembley is Costco's 28th, and latest UK, warehouse, offering an excellent showcase of how the wholesaler targets a mixed customer base with a focus on value and quality on bulk goods.