Indian River Consulting Group’s weekly PRI for the work week of Sept. 14-18 indicated a sales increase of 4.9% versus the same week in 2019, which is the largest increase outside of a week distorted by a holiday.
Eric Smith
Eric Smith, a former MDM Editor who rejoined the company as Senior Analyst in May 2020, is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace.
Posts By Eric Smith
Swedish bearings manufacturer SKF said it will pour $39.3 million into expanding and automating processes at the group's factory in Sumter, South Carolina.
Other C-suite moves at Veritiv include the retirement of Mary A. Laschinger, current chairman and CEO, and the appointment of Stephen E. Macadam as chairman of the board.
Paul McDonnell will step down from United Rentals; his duties will be handled by COO Dale Asplund.
Latest Chicago Fed National Activity Index (CFNAI) shows that two of four broad categories of indicators used to construct the index made positive contributions in July, but all four categories decreased from July.
Improve efficiencies, reduce overhead and get paid faster with these eight ways to overhaul your accounts receivable (AR) process — which is always critical but especially so now.
Latest report shows U.S. cutting tool consumption down 8.5% from previous month of June, while year-to-date total is down 21.2% from same period of 2019.
EPTDA — the executive association for industrial distribution distributors and manufacturers across Europe, the Middle East and Africa — this week announced the appointment of its new 2021/22 board of directors and president, effective 1 October 2020.
On MDM’s most recent webcast, Stellar Industrial Supply President and CEO John Wiborg outlined the importance of investing in a strong culture before exploring new technologies.
Distributor sales drop 12.7% for the week of Sept. 7-11 due to the Labor Day holiday falling within that time frame, according to the latest Indian River Consulting Group PRI.
Building materials distributor US LBM grows product offering and reach in New England with new branch in Manchester, Connecticut.
The new Stock’d Supply brand offers an entire suite of services from custom precision machined components to MRO to safety products.
The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for July was down 1.2% from last year.
According to the Industrial Production and Capacity Utilization Report, manufacturing output increased 1% during the month; industrial production was still 7.3% below its pre-pandemic February level.
3M reports that sales increased 4% in the Americas and 7% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
Industrial distributor The NEFCO Corp. announced the opening of a new location in Syracuse, New York, to further support and service the professional contractor trades in Central New York
Wholesale distribution finds innovative ways to navigate the COVID-19 pandemic that are remodeling business operations.
The seasonally adjusted Fastener Distributor Index (FDI) for August was 49.2, down from 54.6 in July.
The industrial distributor MSC Industrial said preliminary fiscal fourth-quarter sales were down 12.7% and fiscal full-year sales were down 5.1%.
Sonepar USA, a Charleston, South Carolina-based subsidiary of Sonepar Group, announced Thursday that Drew Esce has been named president of Capital Electric.
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