Confectionery specialist Hancocks racks up strong sales growth

Specialist confectionery wholesaler Hancocks this week reported yet another year of solid performance, growing by 5% year-on-year with the festive trading period achieving 16% sales growth on the previous year.

The group reports that turnover now stands at £114m compared to £109m in 2012. Gross profit has also increased by 7% with Hancock’s 20 cash and carries collectively registering 6,000 new customers as more independent businesses become more proactive and choose to develop their confectionery range.

The wholesaler also reported that its e-commerce website has grown throughout the year with the range available online increasing to more than 1500 branded and own label confectionery products. Further investment is planned for the website, with a revamped and developed platform launching imminently.

Mark Watson, Hancocks CEO says: “It’s been a great year for Hancocks and our hard work has certainly paid off. We’ve kept focused on what we do best and worked to provide more and more customers with exactly what they require in terms of confectionery across both bricks amp; mortar and online channels.

“2014 is going to be packed with plenty of developments to grow the business. We anticipate up to two new depots opening whilst we have completely refreshed our cash amp; carry promotional calendar so that there are many more offer periods for retailers to enjoy with some harder hitting deals. We are reviewing our own label ranges so that we can strengthening our offering in terms of range, presentation and branding whilst we are investing in additional functionality for our ecommerce operations.”

Get Our E-Newsletter - Wholesale News stories in your in-box, delivered weekly.
Will be used in accordance with our Privacy Policy

About The Author