January 16, 2007 - Modern Distribution Management

January 16, 2007

Wurth Grows 12% in 2006

Global fastener distributor The Wurth Group, based in Germany, recorded 12% sales growth in fiscal 2006 to 7.74 billion euro, or US$9.9 billion. Outside of Germany, sales increased by 11.8% to 4.62 billion euro, or US$5.96 billion.


Profit grew by 16.5% overall.


In 2006, Wurth grew its staff by 8.2%, and its sales representatives by 5.6% to 29,020 worldwide.


The Wurth Group also expanded to Mongolia in 2006, bringing the group to 83 countries.


Related Links:
Wurth Service Supply Reports 28.5% Sales Increase in 2005

More Breaking …

Wurth Grows 12% in 2006 Read More »

More Management Changes at Home Depot

The Home Channel News reports that more management changes are expected at The Home Depot following CEO Bob Nardelli’s resignation this month.


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Already, Harvey Seegers, president of Home Depot Direct, was replaced by Steve Skinner, who will oversee the online and catalog division. Skinner had worked under Seegers previously.


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John Campi, the senior vice president for global sourcing and vendor management, resigned as well. He will be replaced by Brian Robbins, HCN reported.


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Both Seegers and Campi came over to HD with Nardelli from GE.

When Nardelli left, Joe DeAngelo, HD Supply chief, was promoted to Chief Operating Officer, giving him more retail …

More Management Changes at Home Depot Read More »

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