Specialist confectionery wholesaler Hancocks has 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.
Turnover for the group now stands at £114 million compared to £109 million in 2012. Gross profit has also increased by 7%.
All areas of the business have worked hard to achieve results in 2013. The 20 cash and carries have collectively registered 6,000 brand new customers as more and more independent businesses become more proactive and choose to develop their confectionery range.
The Hancocks ecommerce website has grown tremendously throughout the year and proved to be an excellent and flexible resource for both existing and new customers. The range available online has now increased to more than 1500 branded and own label confectionery products, appealing to all manner of businesses that prefer their supplies to be delivered. Further investment is planned for the website, with a revamped and developed platform launching imminently.
Mark Watson, Hancocks CEO comments: “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 & 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 & 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.
As the economy continues to recover, this can only be great news for Hancocks and we look forward to a very successful 2014 for both ourselves and all of our customers”.
Hancocks stocks in excess of 5,000 branded and own label wholesale confectionery products in 20 depots UK-wide in addition to a substantial range on its ecommerce website www.hancocks.co.uk. For more information please call 01509 216 644.
HANCOCKS CASH & CARRY LIMITED
25 JUBILEE DRIVE, LOUGHBOROUGH, LEICESTER LE11 5TX
TEL: (01509) 216 644 FAX: (01509) 237104
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