Hancocks reports 2% sales growth

Confectionery specialist Hancocks cash and carry, has reported year on year sales growth of 2% for 2006 despite a decline in the overall confectionery market.

Andrew Hancock, CEO of Hancocks, said: “Our strategy of providing the best possible range of products at excellent prices, coupled with first class service and business advice, is enabling the company to achieve steady growth in a challenging trading climate.

“Hancocks has proved that there are many ways for independent retailers to profit from selling confectionery. We would always highlight high margin kids products, the profitable weighouts category and the exclusive products available at Hancocks as opportunities for independent retailers.”

He said the company had a particularly good Christmas, with sales over the Christmas season up 20% compared with the previous year.

One of the best performing depots was the 27,000sq ft Hancocks in Glasgow, which grew its turnover by 16% in 2006, with customer registrations up 10%.

Depot manager Jim Marshall said: “Everyone at the cash and carry has worked hard to provide excellence in what we do. Once we have welcomed a new retailer at the door we will do all that we can to help him build his Features > Business, which in turn builds ours.”

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