Year-over-year, sales are down 21%; inventories are down 10.3%.
Wholesale Revenues Inch Up in June Read More »
Grainger, Chicago, IL, reported daily sales results for the month of July 2009 declined 14% versus July 2008, primarily the result of weak demand across all customer end-markets and geographies. Foreign exchange negatively affected sales by approximately one percentage point.
U.S. sales were down 14%; Canadian sales were down 19% (down 10% in local currency). Sales from Other Businesses were up …
Grainger July Sales Down 14% Read More »
While most people say that initial rounds of inventory reduction were probably a good thing, bringing on-hand inventories more inline with demand, the question always was how far will it go and for how long.
Recent reports – including the results of the Baird Industrial Distribution Survey – say destocking may be coming to an end in the last half of this year. While that may have some positive implications for sales, the end of destocking likely will not be the magic bullet to ramping up stalled factories soon.
Why? According to the Baird Survey, in the second quarter: "Inventory levels continue to decline with no restock expected in the near-term. Nearly 7 out of 10 …
Could Destocking Be Near An End? Read More »
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