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 »
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 »
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 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 »
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 »
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 »
Modern Distribution Management launches a new, user-friendly and streamlined look to our website, mdm.com.
MDM.com Gets a Makeover Read More »
Fourth quarter sales down 7.5% year-over-year for electronics distribution giant Avnet.
Avnet Sales Down 9.7% in Fiscal 2020 Read More »
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 »
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 »
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 »
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 »
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 »
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 »
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, 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 »
NOW Inc., which reported a loss of $30 million for the quarter and a loss of $361 million for the first six months of 2020, is enacting cost-reduction measures.
NOW Inc. Sales Plummet in 2Q Read More »
Amazon’s new fulfillment center in Temple Terrace and new delivery station in Lutz will create hundreds of new full-time jobs
Amazon to Build Fulfillment Center in Tampa Bay Area Read More »
Let the computer do some of the work by conducting a virtual pilot to sanity test your plans before you make changes in real-time and risk making a mistake, says consultant Robert Sabath.
Emerging Technology for the Emerging Distributor Read More »
With trio of new DCs designed to “meet the changing delivery needs of our DIY and Pro customers,” The Home Depot is committing to an additional 1,000 new jobs in Greater Atlanta area.
The Home Depot to Open Three New Distribution Centers in Georgia Read More »
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