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Jamie Ollesheimer will continue to lead the Michigan-based distributor under the LTO banner.
Increase of manufactured durable goods is the ninth in a row since May 2020; this growth period was preceded by two decreases during the height of the coronavirus crisis.
Current dollar GDP increased 6.1% at an annual rate, or $317.6 billion, in the fourth quarter to a level of $21.49 trillion
But the fourth quarter could prove to be a turning point for Lawson, which saw sales soar 10.8% to $98.1 million in the period.
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Systemax, the parent of Global Industrial, also reported fourth-quarter sales jumped 23.3% to $273.9 million.
Lowe’s reports fourth-quarter revenue grew 26.7% to $20.3 billion.
