News
Latest
Breaking news in Wholesale Distribution
Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of nearly 1.9 million.
The Census Bureau says the combined value of distributive trade sales and manufacturers’ shipments for December dropped 0.7% from November.
Advance estimates of U.S. retail and food services sales for January were $649.8 billion, an increase of 3.8% from December.
The company’s net sales for the fourth quarter of 2021 reached a ‘record’ $1 billion, while total yearly sales topped $5 billion.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Ace Hardware Corporation reported record 2021 total revenues of $8.6 billion and 4Q revenues of $2.1 billion.
Price pressure trends continue as last month’s wholesale inflation was 9.7% higher than January 2021, the Bureau of Labor Statistics said.
The company says the rebranding will unify its growing team under one name to ‘better demonstrate our consolidated North American presence.’
Consolidated sales in 2021’s 4Q decreased 4.3% compared to the prior year, but overall annual sales were up 3.3%.
Pipes, valves and fittings distributor MRC Global Inc. reported 2021 4Q sales of $686 million, an 18% increase over 2020.
