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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.
New facility in Toronto replaces the previous AD warehouse that the buying group had used since its merger with IDI in 2019.
The latest IRCG survey shows a nice bump in distributor revenues primarily to due to the five-day week of Aug. 31 to Sept. 4 comping against a four-day week in 2019 that included the Labor Day holiday.
National Association of Wholesaler-Distributors on Wednesday named its replacement for longtime CEO Dirk Van Dongen, who is leaving after 41 years with the organization.
Electrical, plumbing and HVACR distributor Dakota Supply Group (DSG) names Scott Ausnes to its top plumbing role.
Sales in the construction and industrial business — the division that HD Supply is selling to a private equity buyer for $2.9 billion — decreased 11.7% in 2Q.