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Construction and industrial sales decreased 1.1% in the fiscal first quarter.
The industrial distributor said preliminary fiscal third-quarter sales were $835 million, which would mark a 3.6% decrease from year-ago period.
Distributor expects negative impact from COVID-19 to be reflected in second quarter results.
The companys planned actions will deliver $160 to $170 million in annual pre-tax cost savings, with approximately $25 to $35 million of savings projected in 2020.
Some distributors are updating their price segmentation schemes to ensure they reflect these evolving conditions by overlaying a COVID-19 demand category attribute to complement traditional segmentation schemes.
French distributor of industrial air compressors will become part of Atlas Copcos Compressor Technique business area.
The 0.3% improvement follows 10 weeks of declines and nine weeks of double-digit declines.
Optimize search results, facilitate up-sells and cross-sells, promote items that need to turn quickly and elevate private-label products all ways distributors can use AI to transform websites from order-taking to order-making assets.
ASA is part of a coalition asking Congress to act quickly to enact temporary COVID-19 liability protections.
The company reported daily sales up 14.8% versus a year ago based on strength in safety.
Distribution giant selling European subsidiary to Dutch private equity firm Torqx Capital Partners for undisclosed amount.
The average annual sales growth for the 12 months through April 2020 is 1.3%.
International coronavirus stay-at-home orders have accelerated the imperative for distributors to improve virtual sales tactics. MDMs most-read blogs of May continued to focus on COVID-19 and its long-term effects for the distribution industry, particularly the sales process.
The April figure is 3.0% above the April 2019 estimate of $1,307.1 billion.
The board of directors will begin a thorough and deliberate CEO selection process to replace Andrew Lane.
