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For the fourth quarter, however, Arrow reported that sales increased 15.2% to 8.5 billion.
Fastenal’s reported daily sales for the month were down 9.1% versus a year due to softness in fastener sales and the non-residential construction end market.
MCE makes second acquisition this month with the addition of the Plymouth, Minnesota-based distributor of process instrumentation, flow control valves, actuators and related equipment.
Indian River Consulting Group’s (IRCG) weekly Pandemic Revenue Index for the work week of Jan. 25 to Jan. 29 increased 6.4%, continuing a normal growth trend.
The seasonally adjusted Fastener Distributor Index (FDI) for January was 57.7, down from 62.6 in December.
Industrial distributor Grainger says its fourth-quarter sales were up 3.3% as the company continued to deal with the “challenges and uncertainty” of COVID-19.
Shares of the global plumbing giant will be listed in the U.S. and traded under the ticker symbol “FERG.”
Home improvement B2C and B2B giant has opened 1.5 million-square-foot distribution center in the Dallas-Fort Worth metro area
In a C-suite shakeup that will happen in the third quarter, Amazon’s founder will step aside to allow Andy Jassy to become CEO.
The transaction partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.
