Rexel 2Q Comparable Sales Fell 2.4% YoY
Rexel reported sales in North America remained flat with some improvement, offset by challenging market activity in Europe.
Rexel 2Q Comparable Sales Fell 2.4% YoY Read More »
2024
ISM’s July Manufacturing PMI Hits 8-Month Low
It’s the latest economic indicator that demand remains subdued in the U.S. manufacturing sector.
ISM’s July Manufacturing PMI Hits 8-Month Low Read More »
MDM’s July 2024 M&A Roundup: Another Strong Month Amid “Soft” Backdrop
Weaker than expected industrial demand certainly hasn’t dampened the industry’s appetite for M&A dealmaking, as MDM’s reporting has shown.
MDM’s July 2024 M&A Roundup: Another Strong Month Amid “Soft” Backdrop Read More »
Wesco Sales Declines Continue in 2Q on Utility Slowdown
The company said customer destocking and the delay of capital projects clearly impacted its 2Q results.
Wesco Sales Declines Continue in 2Q on Utility Slowdown Read More »
AD’s 2024 1H Member Sales Rise 7% to Record Total
Membership growth for the contractor and industrial supplies buying group has outpaced the impact of consolidation, AD CEO Bill Weisberg said.
AD’s 2024 1H Member Sales Rise 7% to Record Total Read More »
DSG 2Q Organic Sales Fall YoY, Rise Sequentially
As expected, DSG’s organic sales declined compared to a year ago but sequential improvement was driven by increased sales in many end markets.
DSG 2Q Organic Sales Fall YoY, Rise Sequentially Read More »
Grainger Posts 3.1% Sales Growth in 2Q, Lowers Outlook
CEO D.G. Macpherson noted a “slow, but generally stable” demand backdrop.
Grainger Posts 3.1% Sales Growth in 2Q, Lowers Outlook Read More »
Bumax Expands U.S. Presence, Inks Deal with Master Distributor Star Stainless
Star Stainless will stock and supply BUMAX stainless steel products to fastener distribution and industrial suppliers across the U.S.
Bumax Expands U.S. Presence, Inks Deal with Master Distributor Star Stainless Read More »
Southern Glazer’s Makes New England Acquisition; Details Key Investments
The beverage alcohol distributor is set to add Horizon Beverage Group alongside numrous ongoing sales, digital and supply chain investments.
Southern Glazer’s Makes New England Acquisition; Details Key Investments Read More »
Elevated Industrial Appoints New CEO
Romy O’Daniel now leads the distributor after roles at Crescent Electric, HD Supply and Grainger.
Elevated Industrial Appoints New CEO Read More »
Fed Holds Rate, but Signals Cut is Near
Fed Chair Jerome Powell noted a long-awaited rate cut could happen as soon as mid-September, but was far from committal.
Fed Holds Rate, but Signals Cut is Near Read More »
Global Industrial’s 2Q Sales Growth Slows Further, but Gross Margin Improves
The distributor noted cautious customer purchasing and mixed monthly revenue performance.
Global Industrial’s 2Q Sales Growth Slows Further, but Gross Margin Improves Read More »
MDM Podcast: The 5 Fatal Flaws of Sales Transformation
Tom Gale and Mike Marks discuss the biggest challenges distributors face as they transition from a traditional outside-generalist sales process to a more adaptive, digital-forward go-to-market model.
MDM Podcast: The 5 Fatal Flaws of Sales Transformation Read More »
Kodiak Building Partners Appoints New IT Leaders
See who Kodiak has promoted to succeed current CIO Brad Becker upon his retirement at the end of the year.
Kodiak Building Partners Appoints New IT Leaders Read More »
Parker Hannifin to Divest North American Composites Unit
Parker Hannifin’s divestiture of several businesses in the past three years totals nearly $450 million in annual sales.
Parker Hannifin to Divest North American Composites Unit Read More »
Stanley B&D Organic Sales, Margins Improve Despite “Weak Consumer Backdrop”
Q2 growth driven by DEWALT, Outdoor Products and Engineered Fastening was offset by SBD’s divested Infrastructure segment earlier this year.
Stanley B&D Organic Sales, Margins Improve Despite “Weak Consumer Backdrop” Read More »
Watsco 2Q Sales Improve, Gross Margin Slides
A healthier residential end market and an increase in average selling price bolstered Watsco’s total 2Q sales to $2.1 billion.
Watsco 2Q Sales Improve, Gross Margin Slides Read More »
Atlas Copco Acquires Compressed Air Technologies in MS
Atlas Copco expands into Southeastern U.S. with the acquisition of MS-based Compressed Air Technologies.
Atlas Copco Acquires Compressed Air Technologies in MS Read More »
Motion Commits to Indigenous Relations Accreditation Program
Motion seeks to build long-term and beneficial relationships with the Indigenous community in Canada through the PAIR program.
Motion Commits to Indigenous Relations Accreditation Program Read More »
U.S. Government Rules Amazon is a Distributor and Liable for Recalls
The ruling could have far-reaching impacts on the product safety liabilities of other eMarketplace platforms.
U.S. Government Rules Amazon is a Distributor and Liable for Recalls Read More »
