Hancocks Cash and Carry this week posted year-on-year sales growth of 8% on the back of continuing rising customer numbers.
The confectionery specialist reported £109m turnover during 2012 – £9m higher than the previous year and said it registered more than 5000 new customers across its 18 depots in addition to “many more” buying online. It also reported increasing frequency with visits up 6.5%.
“Confectionery is a category that can really boost the sales of many retail stores and businesses when consumer budgets are tight – our strong growth demonstrates once again that we never stop treating ourselves to confectionery, even when times are hard,” said Mark Watson, Hancocks’ CEO.
He continued: “Our plans for growth and development over the coming years are focused and ambitious. Following the management buyout and backing by H2 Equity in November 2012, we have put some firm plans in place to go forward. With development scheduled for all areas of the Features > Business, our customers can look forward to more depots, a bigger and better e-commerce website, plenty of new products and exclusive launches in addition to our usual customer focused service, massive wholesale confectionery range and competitive pricing.”
The business has also committed to a programme of promotional events, with a bonus One Day Extra Discount event scheduled in all depots for Thursday February 21 and a two-day event in place for March 3 and 4.
*Don’t miss Hancocks in our Confectionery Product File Feature in the February issue of Wholesale News