Grainger sales down 2% in November
Grainger reported daily sales for the month of November declined 2 percent compared to November of 2014.
The sales performance included a 4 percentage point contribution from Cromwell Group (Holdings) Limited, acquired Sept. 1, and a 3 percentage point reduction from foreign exchange.
Excluding acquisitions and foreign exchange, organic daily sales declined 3 percent driven by a 1 percentage point decline in price and a 2 percentage point decline from lower sales of seasonal and safety products. Sales in November 2014 benefited from winter storms as well as Ebola related safety products that did not repeat in November 2015. The month of November 2015 had 20 selling days, one more than the previous year.
Sales in the United States declined by 5 percent (or a decline of 2 percent excluding seasonal and Ebola related products), while sales in Canada decreased by 27 percent (14 percent in local currency).
Sales to Grainger's Other Businesses segment increased by 40 percent (51 percent in local currencies).
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.
