Acuity Brands Inc. (NYSE: AYI), Atlanta, reported fiscal 2020 first-quarter sales of $834.7 million, down 10.5% compared to the year-ago period. Net income decreased 28.4% to $57 million.
Acuity Brands’ Q1 Sales Down 10.5% Read More »
Acuity Brands Inc. (NYSE: AYI), Atlanta, has named Neil M. Ashe as its next president and CEO, effective Jan. 31, 2020. The Board of Directors also appointed Ashe as a member of the Board. Ashe will take over the CEO position from Vernon J. Nagel, who will remain with the company in the newly created role of executive
Acuity Brands Names President & CEO Read More »
The last month of 2019 saw MDM readers interested in advice for the new decade. From tips on competing with Amazon Business to discussing how to appeal to the next generation to the story of how one company reinvented itself, our readers were most interested in ways to get ahead of the curve. Follow the links
December’s Top Blogs Reveal How Market Changes Could Affect Distribution Read More »
ORS Nasco, a wholesaler of industrial and safety supplies, and MEDCO, a wholesale distributor of automotive aftermarket tools and collision repair products, have named Kevin Short as president and CEO. The two companies were acquired by One Equity Partners from Essendant in October 2019. Most recently, Short was president of Plaskolite, a global leader in plastic sheet manufacturing
ORS Nasco and MEDCO Name President & CEO Read More »
The goods and services deficit was $43.1 billion in November, down $3.9 billion from $46.9 billion in October, revised, according to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. November exports were $208.6 billion, $1.4 billion more than October exports. November imports were $251.7 billion, $2.5 billion less than October imports. The November decrease in
The Goods and Services Deficit Decreased in November Read More »
As the number of B2B buyers who start their research, product selection and buying online has skyrocketed, so too have the opportunities available to wholesale distributors who put time, effort and money into their online presence. The global B2B e-commerce market was valued at $12.2 trillion in 2019 — just over six times that of the B2C market, Statista reports. These numbers can’t be ignored. Even
5 E-Commerce Resolutions for Distributors to Strengthen Your Online Presence Read More »
North American Tool Corporation, South Beloit, Illinois, has named Steve Mayse as director of manufacturing. Mayse will be responsible for developing and implementing operational strategies to strengthen and grow the company’s manufacturing performance at North American Tool Corporation, a provider of special taps, thread mills, dies and gages to industrial markets, and Allen Benjamin Inc.,
North American Tool Names Director of Manufacturing Read More »
Economic activity in the manufacturing sector contracted in December, and the overall economy grew for the 128th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply ManagementManufacturing Business Survey Committee: “The December PMI registered 47.2%, a decrease of 0.9% from the
December PMI at 47.2%, GDP Growing at 1.3% Read More »
Some years back, a distributor was as good as their worst salesperson. Customers bought from representatives they trusted and had served them well in the past. If we’re honest, the company itself had little to do with the bulk of the transactions and the key driver was the sales rep, not the company. Fast forward
The Path to Distribution Growth Has Changed Read More »
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