DXP’s Sales Down 24.6% in 2Q
Net income for DXP Enterprises was $2.1 million, compared to $13.4 million in the year-ago period.
DXP’s Sales Down 24.6% in 2Q Read More »
News
Fastenal’s July Sales Up 2.6%
The company reported daily sales also up 2.6% versus a year ago based on strength in safety (38% growth).
Fastenal’s July Sales Up 2.6% Read More »
Goods and Services Deficit Down in June
Year-to-date, the goods and services deficit decreased $23.1 billion, or 7.8%, from the same period in 2019.
Goods and Services Deficit Down in June Read More »
Veritiv Sales Down 28.3% in 2Q
Veritiv, whose six-month sales dipped 20.6% year-over-year, saw its “ongoing efficiency programs and the temporary actions … to mitigate the impact of COVID-19 led to improved margins,” says CEO.
Veritiv Sales Down 28.3% in 2Q Read More »
NOW Inc. Sales Plummet in 2Q
NOW Inc., which reported a loss of $30 million for the quarter and a loss of $361 million for the first six months of 2020, is enacting cost-reduction measures.
NOW Inc. Sales Plummet in 2Q Read More »
Amazon to Build Fulfillment Center in Tampa Bay Area
Amazon’s new fulfillment center in Temple Terrace and new delivery station in Lutz will create hundreds of new full-time jobs
Amazon to Build Fulfillment Center in Tampa Bay Area Read More »
The Home Depot to Open Three New Distribution Centers in Georgia
With trio of new DCs designed to “meet the changing delivery needs of our DIY and Pro customers,” The Home Depot is committing to an additional 1,000 new jobs in Greater Atlanta area.
The Home Depot to Open Three New Distribution Centers in Georgia Read More »
3M Announces New Leadership Appointment
Jeffrey R. Lavers has been appointed executive vice president, Consumer Business Group, replacing Paul Keel.
3M Announces New Leadership Appointment Read More »
Avnet Appoints Interim CEO
Electronics distributor Avnet names Phil Gallagher as interim replacement for outgoing CEO Bill Amelio and also announces preliminary fourth-quarter financial results.
Avnet Appoints Interim CEO Read More »
HARDI Distributors Report 24.3% Revenue Jump in June
Heating, Air-conditioning & Refrigeration Distributors International’s monthly TRENDS report shows a huge spike in HVAC distributors’ revenue, marking a “solid start for the cooling season,” says HARDI analyst Brian Loftus.
HARDI Distributors Report 24.3% Revenue Jump in June Read More »
Nationwide Plastics Dallas Rebrands as Curbell Plastics Arlington
Nationwide Plastics Inc., a division of Curbell Plastics Inc. since its acquisition last August, on Monday announced it has rebranded as Curbell Plastics Arlington.
Nationwide Plastics Dallas Rebrands as Curbell Plastics Arlington Read More »
AD Member Sales Decline 6% in First Half of 2020
Buying group AD, however, grew its rebate distributions 1% despite the softness of the market due to the COVID-19 pandemic.
AD Member Sales Decline 6% in First Half of 2020 Read More »
Motion Industries Acquires Two Companies
Motion Industries, a subsidiary of Genuine Parts Co., announced Monday it has acquired Canada-based TRC Hydraulics and California-based F&L Industrial Solutions.
Motion Industries Acquires Two Companies Read More »
Heritage Landscape Acquires Stone Center of Indiana
Heritage Landscape Supply Group, a subsidiary of SRS Distribution, adds Stone Center’s two locations to its portfolio.
Heritage Landscape Acquires Stone Center of Indiana Read More »
Lawson Products Reports Second Quarter Results
CEO Michael DeCata reports the company is positioned for solid future growth, including acquisitions.
Lawson Products Reports Second Quarter Results Read More »
Amazon Sees Net Sales Increase 40% in ‘Highly Unusual Quarter’
The company’s second quarter financial results report $5.2 billion in net income.
Amazon Sees Net Sales Increase 40% in ‘Highly Unusual Quarter’ Read More »
IRCG Weekly Pandemic Revenue Index Shows 7.6% Decrease
IRCG’s weekly comparison of distribution business to previous year’s data reflects ‘unnerving sense of stability.’
IRCG Weekly Pandemic Revenue Index Shows 7.6% Decrease Read More »
PTDA Adds 6 New Members
The Power Transmission Distributors Association on July 30 announced the association for the industrial power transmission/motion control distribution channel has welcomed six new member companies.
PTDA Adds 6 New Members Read More »
Winsupply Appoints Two Executives
Dayton, Ohio-based distributor Winsupply names Jeff Dice president, Equity Group, and Chris Schrameck, VP, information technology.
Winsupply Appoints Two Executives Read More »
Advance Report: New Orders for Durable Goods Grew 7.3% in June
Increase of manufactured durable goods is second in a row following the double-digit growth in May, which had been preceded by two decreases during the height of the coronavirus crisis.
Advance Report: New Orders for Durable Goods Grew 7.3% in June Read More »
