Chicago-based Grainger (NYSE: GWW), No. 2 on MDM's list of the top 40 industrial distributors, reported sales for August were 10 percent higher than August 2011.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
Results for the month included a 4 percentage point contribution from acquisitions and a 1 percentage point decline from foreign exchange.
Organic sales increased 7 percent, including 4 percentage points from volume and 4 percentage points from price, partially offset by a 1 percentage point decline from lower sales of hurricane-related products.
Daily sales for the U.S. were up 4 percent. Canada sales were up 12 percent (+13 percent in local currency). Other Businesses were up 85 percent (+30 percent excluding acquisitions in Europe and Brazil).
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List Free
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up below to receive MDM Update, your free daily distribution news update by email.