Fastenal Moves Closer to Normal Sales Balance with Strong(ish) July
But industrial distributor also sees headcount continue to decline and the number of “selling personnel” is down nearly 10% compared to the same time last year.
Avnet Sales Down 9.7% in Fiscal 2020
Fourth quarter sales down 7.5% year-over-year for electronics distribution giant Avnet
Beacon Roofing Supply Sales Down in 3Q
The company also reported a third-quarter loss of $6.7 million, compared with a $31 million profit in the year-ago period
The Manitowoc Co. Appoints New President, CEO
Aaron H. Ravenscroft named president and CEO of crane manufacturer, effective immediately; he replaces Barry L. Pennypacker.
DXP’s Sales Down 24.6% in 2Q
Net income for DXP Enterprises was $2.1 million, compared to $13.4 million in the year-ago period.
Fastenal’s July Sales Up 2.6%
The company reported daily sales also up 2.6% versus a year ago based on strength in safety (38% growth).
Goods and Services Deficit Down in June
Year-to-date, the goods and services deficit decreased $23.1 billion, or 7.8%, from the same period in 2019.
Veritiv Sales Down 28.3% in 2Q
Veritiv, whose six-month sales dipped 20.6% year-over-year, saw its “ongoing efficiency programs and the temporary actions … to mitigate the impact of COVID-19 led to improved margins,” says CEO.
NOW Inc. Sales Plummet in 2Q
NOW Inc., which reported a loss of $30 million for the quarter and a loss of $361 million for the first six months of 2020, is enacting cost-reduction measures.
Amazon to Build Fulfillment Center in Tampa Bay Area
Amazon's new fulfillment center in Temple Terrace and new delivery station in Lutz will create hundreds of new full-time jobs
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- Season: 3
- Episode: 9
In this June 12, 2020 segment of MDM LIVE, John Caplan, President, North America & Europe, Alibaba.com, urges distributors to drive digital in their businesses and the need for a marketplace strategy going forward. Hear much more from Caplan — including inspiration for taking your business digital, tips on getting started with Alibaba.com and practical advice on how to sell internationally.
- August 20, 2020
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