Chicago, IL-based Grainger (NYSE: GWW), No. 2 on MDM's list of top industrial distributors, reported daily sale for the month of July increased 4 percent versus July 2012.
Growth included 5 percentage points from volume, 1 percentage point from price and 1 percentage point from acquisitions, partially offset by a 1 percentage point decline from unfavorable foreign exchange, 1 percentage point decline from lower sales of seasonal products and a 1 percentage point decline from the timing of the July 4 holiday in the U.S.
Daily sales in the U.S. were up 6 percent in July, compared to July 2012. Sales in Canada declined 1 percent, but grew 2 percent in local currency. Other businesses reported a decline of 2 percent (up 3 percent in local currencies).
The month of July 2013 had 22 selling days versus 21 selling days in July 2012.