The U.S. Census Bureau announced that the combined value of distributive trade sales and manufacturers’ shipments and inventories for June was down from last year.
Eric Smith
Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. Reach him at eric@mdm.com or 720-207-0335.
Posts By Eric Smith
The North American Building Material Distribution Association (NBMDA), Chicago, Illinois, this week released the results of the NBMDA Quarterly Sales Trend Survey for the second quarter of 2020.
Lowes announces a host of supply chain initiatives as it looks to improve same-day and next-day fulfillment options for customers.
Heritage Landscape Supply Group Inc., a wholly owned subsidiary of SRS Distribution Inc., has added another asset to its portfolio with the acquisition of Boise, Idaho-based Silver Creek Supply.
It’s a new era at WESCO International, which rode the acquisition of Anixter International to a 2Q revenue and EPS beat in its first earnings report since the epic deal closed in June. But pitfalls remain as a massive integration looms for the two distribution giants.
With the acquisition of Wise Safety & Environmental, Portland, Oregon-based distributor Mallory expands national footprint with 24-hour delivery, MRO and industrial services including vending, training and supply-chain management.
Mill Road Capital Management LLC and its affiliated funds last week made an offer of $2.75 per share for the building materials distributor.
Responses vary widely among participants in this week’s PRI, which Indian River Consulting Group has been running since the start of the COVID-19 pandemic.
Naperville, Illinois-based hand tool manufacturer C.H. Hanson has acquired Cleveland-based Superior Tool, which has been making plumbing tools since the 1940s.
Sales increase 10% in the Americas as 3M appears to have turned a corner related to uncertainty surrounding the COVID-19 pandemic.
Amazon's new fulfillment center and delivery station in the Dallas-Fort Worth metroplex town will create hundreds of new full-time jobs and give the company faster delivery times in the area.
In its first earnings report since completing the $4.5 billion acquisition of Anixter International Inc., WESCO notched a loss of $34.5 million.
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.
Roofing distributor names Samuel Guzman Jr. to role, replacing interim CAO Thomas Schmitz.
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.
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.
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.
The industrial distributor said fiscal fourth-quarter sales to date (June and July) were down 14% from the year-ago period.
HD Supply had originally planned to spin off the Construction & Industrial – White Cap business into a separate publicly traded company.
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.
