Wholesale – Karolingische Klosterstadt http://karolingischeklosterstadt.com/ Fri, 14 Jan 2022 21:46:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://karolingischeklosterstadt.com/wp-content/uploads/2021/05/karolingische-klosterstadt-icon-150x150.png Wholesale – Karolingische Klosterstadt http://karolingischeklosterstadt.com/ 32 32 Harbor Wholesale Announces Acquisition of Beloved Northwest Skippers Brand http://karolingischeklosterstadt.com/harbor-wholesale-announces-acquisition-of-beloved-northwest-skippers-brand/ Fri, 14 Jan 2022 21:46:16 +0000 http://karolingischeklosterstadt.com/harbor-wholesale-announces-acquisition-of-beloved-northwest-skippers-brand/

Submitted by Harbor Wholesale

Harbor Wholesale, the Northwest’s largest independent family-owned retailer, has acquired the trademark and intellectual property of 52-year-old Northwest Icon Skippers Seafood & Chowder from Starway Restaurants, LLC. By assuming the rights to the brand, Harbor will support the remaining (5) outlets (licensees), online retail and 128 quick service restaurants found in convenience stores and grocers across the Northwest.

Starway Restaurants LLC acquired the intellectual property of Skippers Seafood & Chowder in 2007. Scott Way and his team began working with Harbor in 2013 when they realized Skippers would provide a delicious quick service restaurant (QSR) opportunity for owners of shops. According to Scott, “With their shared Northwest roots and passion for customer service, quality and value, Skippers and Harbor are the perfect fit. Over the past 8 years Harbor has come to know Skippers and its customers. No one is better or better placed to carry the Skippers brand into the future than Harbour.

When Rick Jensen, President of Harbor Wholesale, joined the team nearly two years ago, Harbor saw an opportunity for Skippers to join an already strong portfolio of brands owned by Harbour. “We are excited to be stewards of this nostalgic brand and to further develop the concept in the Northwest and beyond. We see lots of opportunities to leverage the fish & chips and clam chowder that are making Skippers reputation with our team of experts, who are 100% focused on the success of our clients.The transaction will close on January 14, 2022 and will transform over the following months.

About Harbor Wholesale

Founded in 1923, Harbor Wholesale offers new and practical solutions for people on the go. As the largest 4th generation independent family-owned distributor in the Northwest, Harbor Wholesale serves 4,500 convenience stores, independent grocers and quick service restaurants with a great selection of products. These include Harbor-owned brands, held under the Real Fresh brands, such as Mountain Fresh, Via Vita Pizza, Split Shift, Watertown Craft Roasted, Mein Street and now Skippers. Harbor Wholesale operates distribution centers in Lacey, Washington, Portland, Oregon and Roseburg, Oregon. Harbor Wholesale is a subsidiary of Harbor Foods. For more information, please visit us at the Harbor Wholesale or Harbor Foods websites.

]]>
JPMorgan double downgrades BJ Wholesale (BJ) to underweight, removes it from analyst focus list http://karolingischeklosterstadt.com/jpmorgan-double-downgrades-bj-wholesale-bj-to-underweight-removes-it-from-analyst-focus-list/ Fri, 14 Jan 2022 06:33:37 +0000 http://karolingischeklosterstadt.com/jpmorgan-double-downgrades-bj-wholesale-bj-to-underweight-removes-it-from-analyst-focus-list/

January 14, 2022 1:26 a.m. EST

(Updated – Jan 14, 2022 1:31 a.m. EST)

JPMorgan analyst Christopher Horvers downgraded BJ’s Wholesale (NYSE:BJ) from overweight to underweight with a price target of $60.00 (from $78.00 previously).

The analyst comments “BJ: downgraded to underweight and removed from AFL after strong run and re-rating in 2021. BJ’s stock is up 64% in 2020 and 79% in 2021, which compares to 29% for the S&P500, 37% for the JPM Retail Index, and 16% for the XLP in 2021. We have been buying the stock for most of 2020 and updated it again in May 2021 given our expectation of structural revaluation (i.e. break free from its existing 14-18x range of PE and revaluation of base/discount “GARPY” companies and the multiple moved from 16x to Looking ahead, we are wary of the low-end consumer anniversary relaunch, reduction in P-EBT payments (see above), credit anniversary child tax (monthly increase of 120 basis points in retail sales from August to December), and accelerating food inflation over the year (concerns also p our WMT). This dynamic could lead to SSS shortfalls, especially as the year progresses. With the multiple at the high end of the range and short-term investors who like to offset that for grocers who trade at much lower multiples when the SSS slows, BJ could see some headwinds in stocks. Finally, we note that we are bound to have a balanced rating distribution and the entirety of this momentum gets BJ ratings in the lower end at today’s price. Our offset estimates remain below street for Q4 and full year 2022 and we are lowering our estimates for FY22 and FY23 to $3.23 and $3.60 respectively. Our December 22nd updated price target of $60 is based on 17 times our 2023E EPS. Our prior price target assumed that BJ’s would hit a market multiple (~20x), although we note that the market multiple has been downgraded to ~19x, while BJ’s is still trading at a consensus of 20x. The stock has averaged ~18x FY1 P/E in 2021 and competition trends may turn negative in 2022, while pure grocers (e.g. KR, AD. NA, and SFM) are trading at much higher multiples low. Finally, BJ is trading at 19x on our updated 2022 figures and, if the stock overreacts to a lack of clearing/guiding down, we believe it could see a drop to $55 (17x P/E on our EPS 2022E). “

For an analyst rating summary and rating history on BJ’s Wholesale, click here. For more information on BJ’s Wholesale reviews, click here.

Shares of BJ’s Wholesale closed at $64.88 yesterday.

You may also be interested in


]]> Blackhawk’s TERP Wholesale LLC Receives State-issued Microenterprise License Enabling Retail Delivery http://karolingischeklosterstadt.com/blackhawks-terp-wholesale-llc-receives-state-issued-microenterprise-license-enabling-retail-delivery/ Wed, 12 Jan 2022 11:01:10 +0000 http://karolingischeklosterstadt.com/blackhawks-terp-wholesale-llc-receives-state-issued-microenterprise-license-enabling-retail-delivery/

(via TheNewswire)

Vancouver, British ColumbiaThe press wire –January 12, 2022Blackhawk Growth Corp. (the “Company”) (CSE: BLR) (CNSX: BLR.CN) (Frankfurt: 0JJ) is pleased to announce that its wholly owned subsidiary, TERP Wholesaler, LLC (“TERP”) has received its Microenterprise License issued by the State of California. In addition to allowing TERP to function as a storefront-less retail delivery dispensary, this licenseoffers strategic opportunities for expansion into other verticals such asmanufacturingand dissemination.The dispensary is located at Northern California and will be a key driver for the company. This extension will also allow the deployment of TERPproducts produced directlyin thehands of retail customers.

Off-storefront retail delivery offers the convenience that many consumers and patients enjoy with the benefit of quality cannabis products manufactured by TERP. Cannabis delivery companies play a critical role in the state of the California and have now been labeled as an essential business, creating a high demand for door-to-door delivery. Currently, 75% of cities in California do not authorize the sale or operation of cannabis businesses in their city. However, deliveries are able to capitalize on this opportunity and freely advertise and deliver to customers in these municipalities. Non-storefront retail sales will represent a significant portion of California projected $ 5 billion market this year.

“There are unlimited benefits with our dispensary without a showcase,” says Nate awbrey, Founder of TERP Wholesaler, LLC. “We are in a huge metropolitan market and being able to offer wholesale pricing to customers will provide incredible value to end users and allow our distribution footprint to expand, which will provide critical support to our private brands and to our suppliers. This is one of the more unique types of license and allows for true vertical integration by giving us the ability to buy product in bulk, manufacture a product and sell that product to a customer, without requiring transfers to. other businesses, and the taxes associated with those transactions. This will create larger profit margins for TERP, while providing consumers with lower prices, providing a key advantage in the market. This license also complements TERP’s operations value statement of being a brand house and platform for making products such as infused pre-rollers and craft products such as live rosin and injecting them directly onto the market at the wholesale and retail level. keep on going Mr. Awbrey.

On TERP Wholesaler LLC

TERP is a fully licensed distribution center in the state of California. TERP packs and manufactures some of the highest quality exotic brands and high THC products in the state of California. The team includes several distribution professionals, guided by proven leadership with extensive experience in cannabis and quality guaranteed distribution. Current brands include, but are not limited toSun delight,Norcal’s Finest, California Cannabis,andScoopz.

In addition, TERP provides supply chain solutions to the industry through the use of innovative technologies, information management experts, security specialists and sales / marketing professionals. Using proven distribution methods, TERP’s model isbased on a perishable supply chain strategy that emphasizes the importance of quality assurance and customer satisfaction.

On Blackhawk Growth

Blackhawk is an investment holding company that seeks to create substantial value for its shareholders through the acquisition and development of high growth companies. It has focused its investments in the health, cannabis and cannabidiol sectors in the two Canada and United States. Its business portfolio includes TERP Wholesale, Sac Pharma, LeichtMind Clinics, Noble hemp, Spaced food, NuWave Foods, MindBio Therapeutics, Digital Mind Technology as well as a stake in Gaia Grow Corp. (CSE: GAIA).

The company diligently posts updates via videos on the company’s official YouTube channelhttps://www.youtube.com/channel/UCs4f2tt3yAvOGhNLjgNOy-A

Please join the conversation about our Blackhawk Group Telegram Group athttps://t.me/Blackhawkgrowthcorpand visit us online athttps://www.blackhawkgrowth.com.

For more information, please contact:

Frédéric pels, Chief executive officer

(403) -991-7737

fred @blackhawkgrowth.com

Caution regarding forward-looking statement

All statements contained in this press release, other thanStatements of historical fact constitute “forward-looking information” about the Company within the meaning of applicable securities laws. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans for the future and readers are cautioned that such statements may not be appropriate for other purposes. By their nature, this information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions may not not be correct and that the objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include, without limitation, those identified and reported in the Company’s public documents under the Company’s SEDAR profile at www.sedar.com. Although the Company has attempted to identify material factors which could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors which could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors which could cause actual actions to differ. actions, events or results are not as expected, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by law.

Copyright (c) 2022 TheNewswire – All rights reserved.

Copyright (c) 2022 TheNewswire – All rights reserved., Source Press Releases

]]>
BJ’s Wholesale Club Holdings (NYSE: BJ) appears to be using debt quite wisely http://karolingischeklosterstadt.com/bjs-wholesale-club-holdings-nyse-bj-appears-to-be-using-debt-quite-wisely/ Mon, 10 Jan 2022 10:22:21 +0000 http://karolingischeklosterstadt.com/bjs-wholesale-club-holdings-nyse-bj-appears-to-be-using-debt-quite-wisely/

Howard Marks put it well when he said that, rather than worrying about stock price volatility, “The possibility of permanent loss is the risk I worry about … and every investor practice that I know is worried “. It is only natural to consider a company’s balance sheet when looking at its level of risk, as debt is often involved when a business collapses. Like many other companies BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) uses debt. But does this debt worry shareholders?

Why Does Debt Bring Risk?

Debts and other liabilities become risky for a business when it cannot easily meet these obligations, either with free cash flow or by raising capital at an attractive price. In the worst case scenario, a business can go bankrupt if it cannot pay its creditors. However, a more common (but still costly) event is when a company has to issue stock at bargain prices, constantly diluting shareholders, just to strengthen its balance sheet. Of course, many companies use debt to finance their growth without negative consequences. When we think of a business’s use of debt, we first look at cash flow and debt together.

Check out our latest review for BJ’s Wholesale Club Holdings

What is the net debt of BJ’s Wholesale Club Holdings?

You can click on the graph below for historical numbers, but it shows that BJ’s Wholesale Club Holdings had $ 756.5 million in debt as of October 2021, down from $ 1.15 billion a year earlier. However, it has US $ 84.7 million in cash offsetting this, which leads to net debt of around US $ 671.8 million.

NYSE Debt to Equity History: BJ January 10, 2022

A look at the liabilities of BJ’s Wholesale Club Holdings

The latest balance sheet data shows that BJ’s Wholesale Club Holdings had US $ 2.10 billion in liabilities due within one year, and US $ 3.04 billion in liabilities due thereafter. In return, he had $ 84.7 million in cash and $ 200.3 million in receivables due within 12 months. Its liabilities therefore total $ 4.86 billion more than the combination of its cash and short-term receivables.

While this may sound like a lot, it isn’t that big of a deal since BJ’s Wholesale Club Holdings has a market capitalization of US $ 8.94 billion, and therefore could likely strengthen its balance sheet by raising capital if needed. But we absolutely want to keep our eyes open for indications that its debt is too risky.

In order to measure a company’s debt relative to its profits, we calculate its net debt divided by its earnings before interest, taxes, depreciation and amortization (EBITDA) and its profit before interest and taxes (EBIT) divided by its interest. debtors (its interest coverage). Thus, we look at debt versus earnings with and without amortization expenses.

With net debt of just 0.86 times EBITDA, BJ’s Wholesale Club Holdings is arguably fairly conservative. And this view is underpinned by strong interest coverage, with EBIT reaching 9.6 times last year’s interest expense. While BJ’s Wholesale Club Holdings doesn’t appear to have gained much on the EBIT line, at least profits remain stable for now. The balance sheet is clearly the area to focus on when analyzing debt. But ultimately, the company’s future profitability will decide whether BJ’s Wholesale Club Holdings can strengthen its balance sheet over time. So if you are focused on the future you can check this out free report showing analysts’ earnings forecasts.

Finally, a business can only repay its debts with hard cash, not with accounting profits. The logical step is therefore to examine the proportion of this EBIT that corresponds to the actual free cash flow. Over the past three years, BJ’s Wholesale Club Holdings has generated free cash flow of a very solid 92% of its EBIT, more than we expected. This puts him in a very strong position to pay off the debt.

Our point of view

The good news is that BJ’s Wholesale Club Holdings demonstrated ability to convert EBIT to free cash flow delights us like a fluffy puppy does a toddler. But, on a darker note, we’re a little concerned with its total liability level. All these things considered, it looks like BJ’s Wholesale Club Holdings can comfortably manage its current debt levels. On the plus side, this leverage can increase returns to shareholders, but the potential downside is more risk of loss, so it’s worth watching the balance sheet. The balance sheet is clearly the area to focus on when analyzing debt. But at the end of the day, every business can contain risks that exist off the balance sheet. To this end, you need to know the 1 warning sign we spotted with BJ’s Wholesale Club Holdings.

At the end of the day, sometimes it’s easier to focus on businesses that don’t even need to go into debt. Readers can access a list of growth stocks with zero net debt 100% free, at present.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in any of the stocks mentioned.

]]>
Why Nike, Adidas and Ralph Lauren Products Are Getting Harder to Find http://karolingischeklosterstadt.com/why-nike-adidas-and-ralph-lauren-products-are-getting-harder-to-find/ Sat, 08 Jan 2022 14:30:51 +0000 http://karolingischeklosterstadt.com/why-nike-adidas-and-ralph-lauren-products-are-getting-harder-to-find/

By Nathaniel Meyersohn, CNN Business

(CNN) – Looking to shop for Nike sneakers, Adidas sweatshirts, Crocs clogs, polo shirts or Canada Goose parkas?

These days you are probably more likely to catch them at their own stores or on their websites than at moms and pops and small chains.

These big brands and other big footwear and clothing brands are all reducing the number of outside retailers selling their wares and focusing their efforts on getting customers to buy direct from their own channels as well as a select group of wholesale partners.

The change means shoppers will find fewer places to buy from top brands and also puts pressure on retailers who will no longer be able to stock much sought-after shoes and clothing on their shelves, experts say. retail.

Selling directly to customers allows brands to make more money, control their prices, and showcase products exactly the way they want in their store displays. They can also prevent their labels from being discounted too heavily, which could weaken their branding and pricing power.

“We’re less interested in the small, undifferentiated players who don’t have particularly good service levels or in-store standards,” Crocs CEO Andrew Rees said on a conference call with an analyst in April.

By offering fewer wholesale products, brands can also reach the right place for their business – high demand and tight supply.

The exit strategies of other retailers began long before the Covid-19 pandemic, of course, but have accelerated over the past two years.

“Even if the brands were not strongly focused on direct [sales] pre-Covid, now they are, ”said Susan Anderson, analyst at B. Riley Securities.

In fact, brands have used the pandemic to accelerate their growth plans directly through their own channels, especially online. At the start of the pandemic, for example, stores were closed with no choice but to push customers to buy online.

Once stores reopened and shoppers jumped on new clothes, shoes and wardrobes, there was a huge mismatch between demand and supply. Brands had little to no additional merchandise to send to retailers, and they prioritized feeding inventory to their own stores and websites.

Under Armor, Ralph Lauren and others, for example, have given up on sending merchandise to discount stores like TJ Maxx – previously their options of last resort when they had excess inventory.

In addition to tightening up their wholesale partners and expanding online, many of these brands are opening new stores.

Some, like Under Armor, Adidas and Crocs sell to Amazon, but Canada Goose and Ralph Lauren have stayed away from the online giant. Some brands have been hesitant to sell on Amazon for fear of not having control over the customer experience.

Nike announced in 2019 that it would stop selling on Amazon.

Nike leaves DSW and Zappos

Among major sports brands, Nike was one of the first to report that it would reduce the number of traditional retailers it sold to and focus on growing its direct-to-consumer business.

In 2017, Nike announced that it would focus its resources, marketing and best products on just 40 business partners, including Foot Locker and Dick’s Sporting Goods. At the time, Nike sold to some 30,000 retailers.

Nike has since severed ties with many independent shoe stores and small chains, as well as bigger names such as Urban Outfitters, Dillard’s and Zappos, according to reports.

Rivals like Adidas and Under Armor have followed Nike’s lead in downsizing their own wholesale networks.

Nike is a raffle and if stores don’t offer it, loyal Nike customers will buy elsewhere. (The company also owns the Jordan and Converse brands.)

Nike is also DSW’s largest sporting goods supplier, accounting for around 7% of the company’s sales in 2020. Designer Brands, DSW’s parent company, said last month that Nike shipped the latest of its products to the company. Once DSW sells them in stores and online, Nike will definitely disappear from its shelves.

DSW believes it can replace Nike by increasing sales of other sports brands, CEO Roger Rawlins said on a conference call with an analyst last month. “We are doing really well across our sports portfolio,” he said.

The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

]]>
Helm takes the helm of the Wholesale Industry Leaders Forum http://karolingischeklosterstadt.com/helm-takes-the-helm-of-the-wholesale-industry-leaders-forum/ Thu, 06 Jan 2022 23:21:45 +0000 http://karolingischeklosterstadt.com/helm-takes-the-helm-of-the-wholesale-industry-leaders-forum/