Grainger reports October sales decline
Grainger reported that daily sales declined 1 percent in October of 2015 versus October of 2014.
The sales performance included 4 percentage points from Cromwell Group, acquired Sept. 1, and a 3 percentage point reduction from foreign exchange. Excluding acquisitions and foreign exchange, organic daily sales declined 2 percent, driven by a 1 percentage point decline in price and a 1 percentage point decline from lower sales of safety products.
In October 2014, incremental sales of Ebola-related safety products contributed 1 percentage point to sales growth versus the previous year.
Sales in the United States decreased 3%, while sales in Canada were down 25% (13% in local currency). Sales to Grainger's "Other Businesses" segment were up by 43%, which represented an 18% organic sales increase, adjusted by a 54% gain from local currency valuations.
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.
