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In The News:

Grainger Sales Grow 16% in May

Chicago, IL-based Grainger (NYSE: GWW) reported daily sales increased 16 percent in May from May 2009.

Results for the month included a 5 percentage point positive contribution from acquisitions and a 2 percentage point contribution from foreign exchange. Excluding acquisitions and foreign exchange, daily sales for the company increased 9 percent.

U.S. sales were up 10 percent, in Canada, sales were up 12 percent in local currency, and Other Businesses, including Japan and India, sales were up 253 percent due to recent acquisitions there.

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