International FMCG wholesaler Pricecheck has achieved its target of £100m turnover by 2020.
Having set the target in 2015, the company delivered consecutive years of growth which has resulted in its turnover increasing from £40m to £100m within five years. The achievement comes following record-breaking months in May and June during the coronavirus crisis.
Over the last five years, the company has grown from 80 to 220 staff and moved to larger premises at Beighton Link Business Park in Rotherham. The firm also recently took on 197,425 sq. ft. warehouse in Manvers, South Yorkshire.
Mark Lythe, joint Managing Director (Operations and Finance) said: “Our team have been going above and beyond to achieve a target which was set in 2015 when our turnover was £40m. Over the past five years, they have truly been our greatest asset and we look forward to working towards our £200m turnover target by 2025.”
He added: “In more recent times, the team have shown true tenacity and adaptability in helping us navigate the challenges Covid-19 has presented. We remain very confident in the future of Pricecheck and will continue to invest in our growth plans.”
Pricecheck’s recent growth has been driven by its new look B2B e-commerce site. Since launching in May, the website has generated back-to-back record-breaking months, with online sales for May and June growing 580% compared to the same period last year.
Debbie Harrison, joint Managing Director (Trading) commented: “As we strive to become the first-choice distribution partner for brand owners and customers, we’ve worked hard to diversify our product offering. Since 2015, we have added grocery, alcohol, petcare, and vaping to our traditional health and beauty range.
“Launching our new look website to improve customer convenience was the first of many exciting projects as we look to push forward again and deliver on our next five-year plan.”
NAM Implication:
- Opportunity for suppliers to support a successful, growing route to market?
