Grainger sales up 1% in February
Grainger reported daily sales for the month of February increased 1 percent versus February of 2015.
The sales growth included a 4 percentage point contribution from Cromwell Group (Holdings) Limited, acquired Sept. 1, 2015, and a 1 percentage point reduction from foreign exchange. Excluding acquisitions and foreign exchange, organic daily sales declined 2 percent driven by a 2 percentage point decline from lower sales of seasonal products, a 2 percentage point decline in price, a 1 percentage point decline from lower sales of Ebola products and a 1 percentage point decline from Canada's deployment of SAP. The decline was partially offset by a 4 percentage point increase in volume. The month of February 2016 had 21 selling days, one more than the previous year. The 2016 first quarter will have 64 selling days, one more than the 2015 first quarter.
Sales in the United States decreased by 1%, while sales in Canada fell by 33% (24% in local currency). Sales to Grainger's other businesses segment increased by 46% (51% in local currencies), with 16% of the gain coming from organic sales.
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.
