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In The News:

Grainger Organic Daily Sales Up 9% in October

Chicago-based Grainger (NYSE: GWW), No. 3 on MDM's list of the top 40 industrial distributors, reported daily sales in October 2010 increased 11 percent versus October 2009. Results for the month included a 1 percentage point contribution from acquisitions and a 1 percentage point contribution from foreign exchange.

Excluding acquisitions and foreign exchange, daily sales for the company increased 9 percent. October had 21 selling days in 2010 and 22 in 2009. The 2010 fourth quarter will have 63 selling days compared to 64 in the 2009 fourth quarter.

Sales in the U.S. were up 8 percent, and sales in Canada were up 20 percent (16 percent in local currency).

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