President outlines product and market expansion plans
July 10, 2006
W.W. Grainger Inc. President James T. Ryan detailed the distributor's expansion plans recently in a presentation to analysts at the William Blair & Company's 26th Annual Growth Stock Conference in Chicago.
Ryan said Grainger expects to eventually double the size of its catalog. Ryan also addressed success the company has had with its market-expansion program in the Seattle area.
Product Expansion Already this year, Grainger has increased the size of its catalog by 40 percent adding 39,000 new products. Grainger's 2006 catalog features 115,000 products, compared with 82,400 last year.
"We're excited about the early returns we are seeing," Ryan said.