Grainger to Close 25 Branches in U.S. by End of Year

Grainger also forecasts sales for the full year 2011 in the double digits.

Chicago-based Grainger (NYSE: GWW), No. 3 on MDM’s list of the top 40 industrial distributors, announced this week it will be closing 25 branches in the U.S. before year-end at its Annual Analyst Meeting.

The distributor also forecast its sales for the fourth quarter 2011 and for 2012. For the 2011 fourth quarter, Grainger expects sales to grow 12 percent to 13 percent. For the full year 2011, the distributor expects growth of 11 percent to 12 percent.

Grainger forecasts growth will continue at that pace, with sales increasing 10 percent to 14 percent in the full year 2012.  Organic sales growth for 2012 is forecasted at 6 percent to 10 percent.

Check back at mdm.com for more coverage of Grainger’s Annual Analyst Meeting.

Read an interview with Grainger U.S. President Mike Pulick: Grainger’s Take on the Market

And read why Grainger isn’t worried about the economy.

Listen to Editor Lindsay Konzak’s recent interview with Pulick below:

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.