Home Depot & Lowe’s Touch on Pro Growth, Digital and Strong Outlook
MDM's Mike Hockett dives into the latest numbers from the home improvement retail giants, where much of growth has been powered by Pro customers.
May 2022
How to Manage Inventory Shortages with IoT Technologies
Rock Rockwell examines several innovative technologies that can help stockroom managers meet today’s inventory management demands.
PTDA Announces 4 New Members
The Power Transmission Distributors Association says it has welcomed four new member companies.
Airgas Unveils New Company Tagline
‘Fill Your Potential’ is part of a ‘new inspiring and possibility-driven theme line as part of a communication and marketing campaign,’ Airgas says.
Imperial Dade Nets 50th Acquisition Under Current Leadership
The packaging and janitorial supplies distributor announced the recent acquisition of North Alabama Chemical.
Milwaukee Tool Starts Construction for Mississippi Facility
The new location in Grenada County is expected to create more than 800 new jobs when it opens next year.
ABB Opening Distribution Center in Pennsylvania
A new distribution center will stock more than 5,000 electrical products and reduce delivery times to some customers by up to 50%, ABB says.
Lawless Group East Acquires Distributors’ Source of Florida
The Dallas-based vendor and manufacturer rep says it’s the second acquisition in the past six months for TLG’s East Region.
ADI Opens New Global Headquarters
Just miles from its previous headquarters, the new center will ‘foster innovation and encourage a collaborative work environment,’ ADI says.
Convention Recap: Beachside NAHAD 2022 Addresses Key Issues, Hose Solutions
MDM's Mike Hockett recounts happenings at NAHAD's 2022 Convention, which spanned May 14-17 in Miami Beach.
Crosby Group and KITO CORPORATION Combine
The Texas-based lifting and rigging leader has teamed up with the Japanese material handling manufacturer.
STANLEY X Appoints New President
The innovation division of Stanley Black & Decker said Michelle Bockman has been appointed president.
Sandvik Coromant Appoints Execs for Sales, M&A
Michael Eneberg started his role as vice president and head of global sales on May 1, and Nicolas Dellachiesa be head of M&A in June.
Lowe’s 1Q Sales Drop Slightly to $23.7B
Sales for the first quarter of 2022 were below the $24.4 billion reported during the same period in 2021.
Home Depot 1Q Sales Rise 3.8% to $38.9B
The home improvement company also reported fiscal first-quarter 2022 net earnings of $4.2 billion.
With Uncertainty Here to Stay, Distributors Must ‘Embrace the Suck’
Change is hard. So is dealing with relentless disruption. But with those as the new normal, distributors must lean into the challenges involved.
MDM’s 1Q M&A Report Highlights Strong but Slower Period
Our first-quarter M&A Report is now available to download, providing in-depth data and analysis of the January-March 2022 period that followed a record 4Q 2021.
Turtle & Hughes Names New VPs
The Linden, New Jersey-based electrical distributor has named Robert Carr and Robert Del Guerico each to the position of vice president.
Imperial Dade Acquires Tepe Sanitary
The transaction is the 49th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, the company said.
In a Transforming Environment, Data and Leadership Go Hand-in-Hand
During a recent podcast, Summit Electric’s Sheila Hernandez and MDM’s Tom Gale talk about the evolution of marketing in electrical distribution, as well as how having the right analytics is just half the battle when moving a company forward.
