Grainger, Chicago, IL, reported sales of $6.4 billion in the year ended Dec. 31, 2007, up 9% from 2006. Profit was $420 million, up 10%.
Market expansion contributed $402 million in sales in 2007. The company added 90,000 products in 2006 and 2007 in plumbing, fastener, material handling and security product lines. Product line expansion contributed about 3 percentage points to the quarterly growth. Products added over the past two years have added $349 million in sales in 2007.
In the 2007 fourth quarter, sales of $1.6 billion were up 10% from the prior-year period. Daily sales increased 10% in October, 10% in November and 6% in December.
Lower sales to integrated supply customers reduced sales growth in the fourth quarter.
Profit for …
Grainger Hits $6.4B in 2007
Grainger, Chicago, IL, reported sales of $6.4 billion in the year ended Dec. 31, 2007, up 9% from 2006. Profit was $420 million, up 10%.
Market expansion contributed $402 million in sales in 2007. The company added 90,000 products in 2006 and 2007 in plumbing, fastener, material handling and security product lines. Product line expansion contributed about 3 percentage points to the quarterly growth. Products added over the past two years have added $349 million in sales in 2007.
In the 2007 fourth quarter, sales of $1.6 billion were up 10% from the prior-year period. Daily sales increased 10% in October, 10% in November and 6% in December.
Lower sales to integrated supply customers reduced sales growth in the fourth quarter.
Profit for …
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