Grainger reports July sales gain
Grainger reported sales for the month of July increased 3 percent versus July 2015.
The sales growth included a 4 percentage point contribution from Cromwell Group (Holdings) Limited, acquired Sept. 1, 2015. Excluding acquisitions, organic daily sales were down 1 percent, driven by a 1 percentage point decline in price and flat volume.
Sales in the United States declined by 2 percent, while sales in Canada were down by 19 percent (14 percent in local currency). Sales to Grainger's other businesses segment increased by 56 percent (50 percent in local currencies, with 20 percent from organic growth).