Chicago, IL-based Grainger (NYSE: GWW), No. 3 on MDM's list of the top 40 industrial distributors, reported daily sales for the month of August 2011 increased 10 percent versus August 2010. Results for the month included a 1 percentage point positive contribution from foreign exchange.
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Excluding foreign exchange, organic sales increased 9 percent, including 8 percentage points from volume, 3 percentage points from price and 1 percentage point from sales related to Hurricane Irene, partially offset by a 3 percentage point decline from 2010 oil spill-related sales.
By segment, U.S. daily sales were up 8 percent in August; Canadian sales were up 14 percent in local currency; and Other Businesses were up 23 percent.