Grainger October Sales Fall 3%
Grainger organic daily sales declined 8%.
Chicago, IL-based Grainger (NYSE: GWW) reported daily sales in October declined 3% from October 2008. Results for the month included a 3 percentage point contribution from acquisitions and a 2 percentage point benefit from foreign exchange.
Excluding acquisitions and foreign exchange, daily sales for the company declined 8%.
October 2009 had 22 selling days versus 23 in October 2008.
In the U.S. sales were down by 7%; excluding the Imperial Supplies acquisition, sales were down 8%. In Canada sales were up 5%, but down 7% in local currency.
W.W. Grainger, Inc. with 2008 sales of $6.9 billion is a broad-line supplier of facilities maintenance products in the U.S., Canada, Japan, Mexico, India, China and Panama.
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