$GDMK @ 2.00x2.05Global Diversified Marketing Group Embraces Growth Opportunities Through Expanding and Securing New Distribution Venues with Over 350 Grocery Outlet Locations
Secured Distribution to Bring Select Biscottelli Italian Croissants, and the Company’s Family of Premium Food Products into Homes Nationwide. Company Signs New Distribution Partner, Grocery Outlet, Emerging High-Growth Industry Leader
ISLAND PARK, N.Y., April 23, 2020 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group, Inc (GDMK) announced that it has secured distribution with Grocery Outlet to strengthen the Company’s brand, and bring its Premium Biscottelli product line into an untapped segment of the consumer market through an advantageous partnership with emerging industry leader, Grocery Outlet.
The company is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, and relies on an "opportunistic buying" strategy to secure items from suppliers, many of whom are the country's top consumer product and food manufacturers. Today’s marketplace is swiftly evolving. This relationship is expected to thrive even in the midst of challenging times, whereas there is a strong common denominator in how the future is perceived. While the nation operates at an average 30% capacity, Grocery Outlet holds to a recognized opportunistic philosophy that treats roadblocks as milestones, and converts adversity to opportunity, by staying ahead of the curve.
According to CNN.com, “Grocery Outlet (GO), an 'extreme value' supermarket chain with around 350 stores, mostly on the American West Coast, is capitalizing on shoppers stockpiling groceries during the outbreak and the havoc across supply chains. The grocer, which does not sell online, went public last year and sells its products 40% below conventional supermarket prices. It said Tuesday that sales at stores open for at least one year increased 5.1% during its most recent quarter.”
The report stated: “The coronavirus is crippling most American industries. But it's also creating opportunities for some unexpected businesses. Grocery Outlet's business model is a lot like TJX (TJX), the parent company of T.J.Maxx, Marshalls, HomeGoods. This may put it in a strong position to succeed during the crisis and beyond, analysts say."
According to the CNN review, “There's a huge amount of supply chain disruption going around right now, and this imbalance between supply and demand is a positive for Grocery Outlet's business."
https://finance.yahoo.com/news/global-diversi...57513.html
Secured Distribution to Bring Select Biscottelli Italian Croissants, and the Company’s Family of Premium Food Products into Homes Nationwide. Company Signs New Distribution Partner, Grocery Outlet, Emerging High-Growth Industry Leader
ISLAND PARK, N.Y., April 23, 2020 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group, Inc (GDMK) announced that it has secured distribution with Grocery Outlet to strengthen the Company’s brand, and bring its Premium Biscottelli product line into an untapped segment of the consumer market through an advantageous partnership with emerging industry leader, Grocery Outlet.
The company is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, and relies on an "opportunistic buying" strategy to secure items from suppliers, many of whom are the country's top consumer product and food manufacturers. Today’s marketplace is swiftly evolving. This relationship is expected to thrive even in the midst of challenging times, whereas there is a strong common denominator in how the future is perceived. While the nation operates at an average 30% capacity, Grocery Outlet holds to a recognized opportunistic philosophy that treats roadblocks as milestones, and converts adversity to opportunity, by staying ahead of the curve.
According to CNN.com, “Grocery Outlet (GO), an 'extreme value' supermarket chain with around 350 stores, mostly on the American West Coast, is capitalizing on shoppers stockpiling groceries during the outbreak and the havoc across supply chains. The grocer, which does not sell online, went public last year and sells its products 40% below conventional supermarket prices. It said Tuesday that sales at stores open for at least one year increased 5.1% during its most recent quarter.”
The report stated: “The coronavirus is crippling most American industries. But it's also creating opportunities for some unexpected businesses. Grocery Outlet's business model is a lot like TJX (TJX), the parent company of T.J.Maxx, Marshalls, HomeGoods. This may put it in a strong position to succeed during the crisis and beyond, analysts say."
According to the CNN review, “There's a huge amount of supply chain disruption going around right now, and this imbalance between supply and demand is a positive for Grocery Outlet's business."
https://finance.yahoo.com/news/global-diversi...57513.html
