Stockport headquartered wholesaler and retail group, Parfetts, has announced a 10% profit share bonus for its colleagues in light of its strong recent growth.
The employee-owned group announced record sales figures of £634 million in the last year. During that period it has also seen its Go Local convenience store fascia grow to 1,100 locations and opened a new depot in Birmingham. Continued strong sales growth of 4.7% on the previous year also comes after a year of investment into safeguarding retailer margins through an expanded promotional plan, including its annual ‘Parfest’.
The 10% profit share bonus of Parfetts colleagues adds to a 4% tax-free sales bonus awarded in July.
Guy Swindell, joint managing director of Parfetts, said:
“As an employee-owned company, our people are at the heart of everything we do. It is their hard work that is driving the business forward and supporting retailers across the UK.
“The year ahead will continue to provide a challenging environment for retailers, and we are increasing our efforts to support their margins and give them the service they need to operate efficiently and effectively.”
Over the last 12 months, Parfetts has also invested in reducing its carbon footprint by rolling out LED lighting and solar panels at its depots across the UK. The move drastically reduces the company’s carbon footprint and generates cost savings that help drive value across the business.
Noel Robinson, joint managing director of Parfetts, said:
“All of our dedicated colleagues deserve praise for the outstanding service they provide all year round. As an employee-owned company, we can ensure the success of the business is shared, and hard work is rewarded.”
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