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Year-to-date, the goods and services deficit decreased $28.1 billion, or 17.8%, from the same period in 2019.
Four procedures distributors can implement now to adjust your forecast of future demand of items and address the effects of COVID-19, from inventory management expert Jon Schreibfeder.
The company reported a loss of $8.9 million for the quarter compared to a loss of $3.2 million in the first quarter of 2019.
For the first nine months, sales totaled $1.5 billion, down 15% over the same period in 2019.
The company reported sales of $2.1 billion for the first quarter, up 0.4% compared to a year ago.
Net product sales accounted for $41.8 billion, up 22% year over year from $34.3 billion.
As CTO, Jonny LeRoy will lead teams across Grainger's Technology Group to build capabilities that complement and advance the company's strategy and business model.
Profit was $41.9 million, down from $164 million in the first quarter of 2019.
Mobile Industries sales of $466.7 million decreased 6.7% compared with the same period a year ago.
