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In The News:

Grainger Organic Daily Sales Grow 15% in July

Grainger (NYSE: GWW), Chicago, IL, No. 3 on MDM's list of top 40 industrial distributors reported daily sales for the month of July were up 21 percent from the prior-year period. Results for the month included a 5 percentage point positive contribution from acquisitions and a 1 percentage point contribution from foreign exchange.

Excluding acquisitions and foreign exchange, daily sales for the company increased 15 percent. July had 21 selling days in 2010 and 22 in 2009.

In the U.S., daily sales were up 17 percent; in Canada they were up 21 percent (13 percent in local currency); and Other Businesses, including sales from the acquired business in Japan, were up 180 percent.

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