WESCO’s Q2 Sales Down 2.9%
In its first earnings report since completing the $4.5 billion acquisition of Anixter International Inc., WESCO notched a loss of $34.5 million.
WESCO’s Q2 Sales Down 2.9% Read More »
August 2020
Applied Making Right Cost-Control Moves, but Tough Environment Lingers
Market conditions weren’t favorable for Applied Industrial Technologies Inc. in the fiscal fourth quarter, but the distributor navigated the COVID-plagued business landscape as well as possible thanks to cost-reduction measures it will extend into 2021.
Applied Making Right Cost-Control Moves, but Tough Environment Lingers Read More »
Beacon Appoints Chief Accounting Officer
Roofing distributor names Samuel Guzman Jr. to role, replacing interim CAO Thomas Schmitz.
Beacon Appoints Chief Accounting Officer Read More »
Fastener Distributor Index for July Consistent with Prior Month
The seasonally adjusted Fastener Distributor Index (FDI) for July was 54.6, consistent with improving momentum (above 50 reading) but at a slower rate versus the improvement seen in June.
Fastener Distributor Index for July Consistent with Prior Month Read More »
Applied Industrial’s Fiscal 2020 Sales Down 6.5%
Like most companies, Applied was impacted in the period by the COVID-19 crisis and saw fourth-quarter sales fall 17.9% over the same period in 2019.
Applied Industrial’s Fiscal 2020 Sales Down 6.5% Read More »
What HD Supply’s Latest Move Means for Industrial Distribution
Now that HD Supply has shifted gears to sell White Cap to private equity firm Clayton, Dubilier and Rice for $2.9 billion, look for more shifts within the industrial distribution landscape.
What HD Supply’s Latest Move Means for Industrial Distribution Read More »
MSC Industrial’s Sales Dip 12.6% in July
The industrial distributor said fiscal fourth-quarter sales to date (June and July) were down 14% from the year-ago period.
MSC Industrial’s Sales Dip 12.6% in July Read More »
HD Supply Shifts Gears, Opts to Sell White Cap to CD&R for $2.9B
HD Supply had originally planned to spin off the Construction & Industrial – White Cap business into a separate publicly traded company.
HD Supply Shifts Gears, Opts to Sell White Cap to CD&R for $2.9B Read More »
Is Amazon’s Next Fulfillment Center Coming to Your Town?
Amazon, the world’s largest retailer and distributor “frenemy,” is considering placing fulfillment centers in malls where department stores once operated, adding another level of potential threat for the wholesale trade industry.
Is Amazon’s Next Fulfillment Center Coming to Your Town? Read More »
IRCG Weekly Pandemic Revenue Index Shows 1.4% Increase
PRI for the week of July 27-31 registers largest increase since March 9 with half of respondents indicating sales growth.
IRCG Weekly Pandemic Revenue Index Shows 1.4% Increase Read More »
MDM.com Gets a Makeover
Modern Distribution Management launches a new, user-friendly and streamlined look to our website, mdm.com.
MDM.com Gets a Makeover Read More »
Avnet Sales Down 9.7% in Fiscal 2020
Fourth quarter sales down 7.5% year-over-year for electronics distribution giant Avnet.
Avnet Sales Down 9.7% in Fiscal 2020 Read More »
Beacon Roofing Supply Sales Down in 3Q
The company also reported a third-quarter loss of $6.7 million, compared with a $31 million profit in the year-ago period.
Beacon Roofing Supply Sales Down in 3Q Read More »
Fastenal Moves Closer to Normal Sales Balance with Strong(ish) July
But industrial distributor also sees headcount continue to decline and the number of “selling personnel” is down nearly 10% compared to the same time last year.
Fastenal Moves Closer to Normal Sales Balance with Strong(ish) July Read More »
The Manitowoc Co. Appoints New President, CEO
Aaron H. Ravenscroft named president and CEO of crane manufacturer, effective immediately; he replaces Barry L. Pennypacker.
The Manitowoc Co. Appoints New President, CEO Read More »
DXP’s Sales Down 24.6% in 2Q
Net income for DXP Enterprises was $2.1 million, compared to $13.4 million in the year-ago period.
DXP’s Sales Down 24.6% in 2Q Read More »
Fastenal’s July Sales Up 2.6%
The company reported daily sales also up 2.6% versus a year ago based on strength in safety (38% growth).
Fastenal’s July Sales Up 2.6% Read More »
Grow Profitability by Implementing Automated Price Negotiation
Distributors leave up to 5% of profit on the table during price negotiations, but an automated system can take human judgment out of the picture and add more dollars to the bottom line.
Grow Profitability by Implementing Automated Price Negotiation Read More »
Goods and Services Deficit Down in June
Year-to-date, the goods and services deficit decreased $23.1 billion, or 7.8%, from the same period in 2019.
Goods and Services Deficit Down in June Read More »
Veritiv Sales Down 28.3% in 2Q
Veritiv, whose six-month sales dipped 20.6% year-over-year, saw its “ongoing efficiency programs and the temporary actions … to mitigate the impact of COVID-19 led to improved margins,” says CEO.
Veritiv Sales Down 28.3% in 2Q Read More »
