Daily sales rose 6.7 percent.
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Latest In Fastenal
Fastenal is planning for 30,000 new vending machines in 2013.
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Fastenal opened 80 new stores and installed 13,642 new industrial vending machines in 2012.
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Daily sales increased 8.2 percent.
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Daily sales increased 6.8 percent from the prior year
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The installation of 3,977 new vending machines contributed to growth.
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Several other executive appointments were also announced.
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Vending machine installations up 74.9 percent from December 2011.
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Vending is now making a significant contribution to many national distributors’ top lines. The trend is most prominent in the industrial MRO sector.
This article is part of the 2012 Distribution Trends Report. To access this annual update for premium subscribers, subscribe now or log-in.
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Daily sales to manufacturing customers were up 20.3% in the first quarter.
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Both MSC Industrial Supply and Fastenal tout the potential of vending as a growth engine.
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Daily sales to manufacturing customers grew 20% in 2011.
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Profit for the third quarter grew 29.1%.
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Fastenal opened 75 new stores during the first six months of 2011.
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Profit for the distributor improved 42 percent in a year-over-year comparison.
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Fastenal CEO Will Oberton addresses distributor’s top initiatives in annual report.
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Fastenal reports fourth-quarter and full-year results.
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Distributors provide updates on end-market growth, acquisition plans and employee headcount.
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In quarterly earnings report, Fastenal provides information on store size, headcount & gross profit.
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For the first nine months, Fastenal’s sales up 16.7%.
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