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On 2 May, leading Australian reseller Officeworks revealed some of its strategic priorities during the annual briefing day of parent company Wesfarmers. Officeworks Managing Director Sarah Hunter presented the company’s strategic priorities and then took part in a Q&A session with analysts. Below are the key takeaways: B2B: Officeworks wants to have a broad appeal ....
Eight resellers, including four small businesses, have been awarded places on the UK government’s new Office Solutions framework. The Office Solutions contract (RM2699) was put out to tender last year. At the time, it was valued at £400 million ($500 million) over a three-year period. Originally to be split into three lots, the new framework ....
Leading MRO reseller Grainger posted a solid set of Q1 results despite overall demand for its products being somewhat soft. Company sales for the quarter of $4.2 billion represented growth of 4.9% year on year on a daily, organic constant currency basis. Its High-Touch Solutions (HTS) business unit was up 3.8% to $3.4 billion, and ....
European and North American business equipment and MRO reseller Takkt has put a positive spin on its first quarter results in spite of a 16.5% fall in revenue and a 59% drop in EBIT. The Germany-based group highlighted improvements in cash generation and gross margin as well as making structural changes that will see its ....
Staples Inc has agreed to sell its DEX Imaging business to the company’s management in a private equity-backed buyout. New York-based investment firm Gamut Capital Management, in partnership with DEX’s founders – Dan Doyle Sr and Dan Doyle Jr – have signed a definitive agreement with Staples to buy the company. Terms of the transaction, ....