Grainger reported daily sales gain in January
Grainger reported daily sales increased 4 percent in January of 2016 versus January of 2015.
The sales growth included a 4 percentage point contribution from Cromwell Group, acquired Sept. 1, 2015, and a 2 percentage point reduction from foreign exchange.
Excluding acquisitions and foreign exchange, organic daily sales grew 2 percent driven by a 3 percentage point increase in volume and a 2 percentage point benefit from holiday timing, partially offset by a 2 percentage point decline in price and a 1 percentage point decline from sales of Ebola related safety products recorded in 2015 that did not repeat.
The month of January 2016 had 20 selling days, one fewer than the previous year.
Sales in the United States grew by 1 percent, while sales in Canada declined 23 percent (9 percent in local currency). Sales to Grainger's Other Businesses segment increased by 56 percent (51 percent in local currencies, 27 percent organic growth).
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
