The company is looking to sublet at least 10 million square feet of excess space following its first quarterly loss since 2015.
Posts By Mike Hockett
MDM’s Mike Hockett dives into the latest numbers from the home improvement retail giants, where much of growth has been powered by Pro customers.
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MDM's Mike Hockett recounts happenings at NAHAD's 2022 Convention, which spanned May 14-17 in Miami Beach.
Change is hard. So is dealing with relentless disruption. But with those as the new normal, distributors must lean into the challenges involved.
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Our first-quarter M&A Report is now available to download, providing in-depth data and analysis of the January-March 2022 period that followed a record 4Q 2021.
Impressive sales and profits for MRC Global, DNOW and DXP Enterprises are nearly back to or already exceed their pre-pandemic levels.
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MDM Executive Editor Mike Hockett and CEO Tom Gale are set to attend NAHAD's 2022 Convention May 14-18 in Miami Beach. Here's a rundown of what we expect to see there.
The company still has plenty of capital left in its 2022 M&A budget, and underlying growth has it targeting accelerated revenue growth.
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At 19, Bearing Service, Inc. President Doug Savage unexpectedly took over the distribution company his grandfather started. In a new MDM podcast, Savage talks about his passion for education, his early adoption of the Entrepreneurial Operating System, the opportunities for independent distributors ahead and his many leadership roles across a 47-year career.
We share new comments from numerous distributors regarding how the “Great Resignation” and turbulent labor market have impacted their staffing.
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Paul Schorr brings 35 years of information technology leadership experience to the fasteners manufacturer/distributor.
The company says the new Pleasant Prairie location has twice the warehouse space and better access to major expressways.
The electrical and industrial supplies distributor acknowledged that its official name has been somewhat ambiguous over the past decade.
Packaging and janitorial supplies distributor Imperial Dade has rapidly grown in recent years with acquisitions, and it just gained further major investment to do more of it.
At the recent Fastenal Expo, we chatted with Senior Executive Vice President Terry Owen about the company’s supply chain capabilities, which allow it to handle whatever comes next.
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Evidence suggests April was another strong month for distributors despite lingering supply chain headaches. MDM looks back at the month, as outlined in the latest issue of Premium Monthly (now available for download).
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MDM dives into the numbers and commentary that the MRO products giant shared during its first quarter earnings report.
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The distributor of industrial motion, fluid power, flow control, automation and maintenance supplies had sales that neared $1 billion in the quarter and said April's growth was on a similar trajectory.
Private equity and investment banks are arguably the biggest current drivers of distribution M&A activity. Read the third and final part of MDM’s recent conversation series with executives at leading financial firms behind many of the deals you’ve been reading about.
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