MSC Industrial’s Sales Dip 12.6% in July
The industrial distributor said fiscal fourth-quarter sales to date (June and July) were down 14% from the year-ago period.
MSC Industrial’s Sales Dip 12.6% in July Read More »
2020
HD Supply Shifts Gears, Opts to Sell White Cap to CD&R for $2.9B
HD Supply had originally planned to spin off the Construction & Industrial – White Cap business into a separate publicly traded company.
HD Supply Shifts Gears, Opts to Sell White Cap to CD&R for $2.9B Read More »
Is Amazon’s Next Fulfillment Center Coming to Your Town?
Amazon, the world’s largest retailer and distributor “frenemy,” is considering placing fulfillment centers in malls where department stores once operated, adding another level of potential threat for the wholesale trade industry.
Is Amazon’s Next Fulfillment Center Coming to Your Town? Read More »
IRCG Weekly Pandemic Revenue Index Shows 1.4% Increase
PRI for the week of July 27-31 registers largest increase since March 9 with half of respondents indicating sales growth.
IRCG Weekly Pandemic Revenue Index Shows 1.4% Increase Read More »
MDM.com Gets a Makeover
Modern Distribution Management launches a new, user-friendly and streamlined look to our website, mdm.com.
MDM.com Gets a Makeover Read More »
Avnet Sales Down 9.7% in Fiscal 2020
Fourth quarter sales down 7.5% year-over-year for electronics distribution giant Avnet.
Avnet Sales Down 9.7% in Fiscal 2020 Read More »
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.
Beacon Roofing Supply Sales Down in 3Q Read More »
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.
Fastenal Moves Closer to Normal Sales Balance with Strong(ish) July Read More »
The Manitowoc Co. Appoints New President, CEO
Aaron H. Ravenscroft named president and CEO of crane manufacturer, effective immediately; he replaces Barry L. Pennypacker.
The Manitowoc Co. Appoints New President, CEO Read More »
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.
DXP’s Sales Down 24.6% in 2Q Read More »
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).
Fastenal’s July Sales Up 2.6% Read More »
Grow Profitability by Implementing Automated Price Negotiation
Distributors leave up to 5% of profit on the table during price negotiations, but an automated system can take human judgment out of the picture and add more dollars to the bottom line.
Grow Profitability by Implementing Automated Price Negotiation Read More »
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.
Goods and Services Deficit Down in June Read More »
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.
Veritiv Sales Down 28.3% in 2Q Read More »
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.
NOW Inc. Sales Plummet in 2Q Read More »
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
Amazon to Build Fulfillment Center in Tampa Bay Area Read More »
Emerging Technology for the Emerging Distributor
Let the computer do some of the work by conducting a virtual pilot to sanity test your plans before you make changes in real-time and risk making a mistake, says consultant Robert Sabath.
Emerging Technology for the Emerging Distributor Read More »
The Home Depot to Open Three New Distribution Centers in Georgia
With trio of new DCs designed to “meet the changing delivery needs of our DIY and Pro customers,” The Home Depot is committing to an additional 1,000 new jobs in Greater Atlanta area.
The Home Depot to Open Three New Distribution Centers in Georgia Read More »
3M Announces New Leadership Appointment
Jeffrey R. Lavers has been appointed executive vice president, Consumer Business Group, replacing Paul Keel.
3M Announces New Leadership Appointment Read More »
The Mask-to-Mask Distribution Environment is Changing Everything
The B2B distribution business has been adjusting to the new mask-to-mask business environment by changing how distributors handle inventory, deliver products and communicate with customers. The most difficult adjustment has been letting go of the old sales coverage plan.
The Mask-to-Mask Distribution Environment is Changing Everything Read More »
