12/17/2015 12:01:00 AM
NEWS BRIEFS
Grainger reported daily sales declined 2% in November 2015, hurt by price reductions and lower volume.
The sales performance included a 4 percentage point contribution from Cromwell Group (Holdings) Limited, acquired September 1, 2015, and a 3 percentage point reduction from foreign exchange.
Excluding acquisitions and foreign exchange, organic daily sales declined 3%, driven by a 1 percentage point decline in price and a 2 percentage point decline from lower sales of seasonal and safety products.
“Sales in November 2014 benefited from winter storms as well as Ebola related safety products that did not repeat in November 2015,” the company stated.
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Related Links:
• Grainger
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