Grainger’s Gloomy Forecast
Company lowers outlook as slow-growth environment persists.
Day: October 19, 2016
SUPERVALU Sales Down 4.8% in Fiscal 2Q
Year-to-date sales decreased 4.3 percent year-over-year.
Universal Forest Products Sales Up 8.4% in 3Q
Year-to-date sales increased 6.6 percent year-over-year.
Canadian Nonresidential Construction Investment Down 0.5% in 3Q
Quarterly decline was a result of lower spending on commercial and industrial building construction.
Apex Tool Group Names President of Global Power Tools
Ross Porter appointed to role.
September Housing Starts Decrease 11.9% YOY
Privately owned housing starts down 9 percent compared with August.
Canadian Manufacturing Sales Up 0.9% in August
Increase due to higher sales of food, primary metal, and petroleum and coal products.
Tip: Don’t Let Risk-Aversion Prevent Growth
Too much focus on fear can keep distributors from making critical decisions.
