Metal Supermarkets Enjoys Significant Growth in First Half of 2021
World’s Leading Small Quantity Metal Supplier Anticipates Significant Continued Success For Remainder of 2021
July 16, 2021 // Franchising.com // MISSISSAUGA, Ontario - Metal Supermarkets is forging its way into the second half of 2021 after enjoying extensive revenue and store growth since January.
Over the past six months, the world leader in small-quantity metals has consistently achieved year-over-year monthly revenue growth, including seeing its all-time highest network sales in June, with an increase at nearly 37% over 2020 and 61% over 2019. In the United States - the network’s fastest growing market - Metal Supermarkets earned a 57% sales increase in June over last year while being 41% higher for the first six months. Additionally, the brand has opened six new stores in Deptford, New Jersey; Houston and Lewisville, Texas; New Orleans, Louisiana; Ottawa, Ontario; and San Jose, California.
“Metal Supermarkets fills an essential business niche, and our rapid growth proves the value in our offering,” said Stephen Schober, Metal Supermarkets President and Chief Executive Officer. “Our business has proven to be pandemic-resistant, as we grew sales during the first six months of 2020. In 2021, we have grown even faster withstanding the hardships of the previous year and enabling our franchise owners to build successful businesses by supporting customers every day. Through relentless commitment to outstanding customer service, Metal Supermarkets will continue to forge its way into more markets across North America and the U.K.”
Known for its convenience, speed, product variety and fixation on customer service, Metal Supermarkets remains on target towards its goal to expand its presence to 150 locations by the end of 2024. There are a record number of new store openings in the pipeline for the rest of 2021, including in Commerce City, Colorado; Queens, New York; The Bronx, New York; Saskatoon, Saskatchewan; Kamloops, British Columbia; Washington, DC; Newport, Virginia; Wichita, Kansas; Omaha, Nebraska; Tulsa, Oklahoma; Bridgeport, Connecticut; Charleston, South Carolina; South Orlando and Lakeland, Florida; Greenwich, England and more.
Occupying a stable and important niche in the $250 billion plus metal distribution industry in its markets, Metal Supermarkets is targeting new US franchise development throughout New England, the Midwest, Texas and the Southwest. Designated an essential business, the concept offers a recession-resistant, stable and successful opportunity for interested franchise investors. Each Metal Supermarkets location provides solutions to customers’ metal needs in both the business-to-business and business-to-consumer categories. With a diverse product base and a no-minimum order quantity, Metal Supermarkets will quickly earn long-lasting relationships with customers as a result of delivering an exceptional customer experience.
“The momentum we’ve seen in 2021 has been building for years, and we don’t foresee it slowing,” continued Schober. “We ensure high quality materials, convenience and speed for customers in every community we serve. Through ongoing support and training for our franchisees, we’ve established trusted partners who understand the value and importance of creating an exceptional customer experience.”
SOURCE Metal Supermarkets
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