Chicago, IL-based Grainger, facilities maintenance distributor, reported daily sales in February 2009 fell 10% versus February 2008, the result of weak demand across all customer end-markets and geographies.
Foreign exchange negatively affected sales by 2 percentage points.
U.S. branched-based operations were down 9%; Acklands-Grainger in Canada was down 19% (but up 1% in local currency); and Lab Safety Supply was down 4%.
Grainger had 2008 sales of $6.9 …
Grainger Sees 10% Sales Drop in February
Chicago, IL-based Grainger, facilities maintenance distributor, reported daily sales in February 2009 fell 10% versus February 2008, the result of weak demand across all customer end-markets and geographies.
Foreign exchange negatively affected sales by 2 percentage points.
U.S. branched-based operations were down 9%; Acklands-Grainger in Canada was down 19% (but up 1% in local currency); and Lab Safety Supply was down 4%.
Grainger had 2008 sales of $6.9 …
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