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In The News:

Grainger Organic Daily Sales Up 11% in November

Chicago-based Grainger (NYSE: GWW), No. 3 on MDM's list of the top 40 industrial distributors, reported daily sales in November increased 14 percent versus November 2009. Results for the month included a 2 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 11 percent. November had 21 selling days in 2010 and 20 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 10 percent, while sales in Canada were up 28 percent (23 percent in local currency). Sales from other businesses increased 40 percent.

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