Nationwide, MEGA Group USA Join Forces & Unify Their Voice
Two of the nation’s largest CE/appliance/furniture/bedding independent-dealer-serving buying groups, Nationwide Marketing Group and MEGA Group USA, are merging to create a combined organization serving more than 5,300 independent members, with some 14,000 storefronts that generate estimated revenue of $18.5 billion.
The entity will operate as Nationwide Marketing Group, led by Dave Bilas as chairman, and the organization will retain both Nationwide’s office in Winston-Salem, N.C., and the MEGA Group office in Memphis, Tenn.
A statement announcing the merger said the alliance would provide both memberships an advantage in “greater local presence, broader selection and unsurpassed service as they better compete against large national retailers including Sears, Home Depot, Lowes, Amazon, Wayfair, Best Buy, Mattress Firm and Rooms to Go.”
Rick Bellows, president of MEGA Group, who will be an integral member of Nationwide Marketing Group’s leadership team, said in the statement, “The culture of the groups has always been focused on the independent retailer’s growth and profitability. While national retailers struggle to deliver a differentiated shopping experience, our group’s members have been outpacing the industry and gaining share because they are uniquely aligned to serve customers’ needs. This merger will accelerate the independent movement with enhanced member benefits from the combination of the two leadership teams, purchasing scale, more consistent execution and strategically focused technology investment to drive greater awareness, traffic and volume through our members’ storefronts and online.”
Bilas added: “Another big advantage for members will be category diversification. With Nationwide’s unmatched appliance volume and strength in consumer electronics, combined with MEGA Group’s furniture and bedding advantages, members will have access to greater merchandising mix to increase market awareness, traffic and profitable sales growth. Our February PrimeTime event promises to become the largest buying show, member conference, educational event, networking opportunity and product exhibition in the history of independent appliance, electronics, furniture and bedding retailing.
“The merger also offers benefits to vendors and service providers,” Bilas continues. “This consolidation will result in efficiencies for our vendor and service providers that will lead to improved product and service offerings, greater speed to market with new innovations and improved focus of their investments to serve the important independent channel with its average selling prices that dwarf the national chains.”