Grainger drives profitable growth in Q1 despite weaker demand
Grainger Industrial Supply has revealed sales growth in Q1 2019. The maintenance, repair and operating (MRO) product supplier saw sales of $2.8 billion in Q1 increase 3% daily, versus $2.8 billion in the 2018 first quarter. On a constant currency basis, daily sales were up 4% and up 4.5% after normalising for the impact of […]
Neil Jowsey leaves Arco to become Cromwell MD
Neil Jowsey is to become Managing Director of Cromwell, broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions in the UK. Jowsey will become MD of the Grainger subsidiary effective 7 September. Jowsey has deep experience driving profitable growth at both B2B and B2C companies, most recently as joint MD […]
Grainger launches new online fastener and tool supplier, Zoro, to the UK
The launch of www.zoro.co.uk, an online-only store offering MRO products to UK businesses and consumers, has been announced by Grainger, a leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions. Grainger said Zoro UK will make it quick and easy for all industries, professions and trades, as well as general […]
Grainger opens 1.3 million sq ft distribution centre
Bordentown Township, New Jersey is the site of Grainger’s huge new regional distribution facility. The broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, hosted a grand opening of the 1.3 million ft² facility, which stocks more than 300,000 items and allows the company to deliver more products by the next […]
Sales rise to $2.6 billion for Grainger
Grainger has reported an increase in sales for Q2 2017. Sales rose 2% to $2.6 billion while company operating earnings were down 24% to $232 million thanks largely to restructuring costs – excluding restructuring in both years, operating earnings were down 9%. The two reportable segments of the business – the US and Canada – represent […]
Grainger sees modest sales rise at start of 2017
Despite delivering a 1% rise in sales to $2.5 billion, Grainger said the start of the year had fallen short of expectations. Net earnings for Q1 2017 (ended 31 March) were down 6% to $175m (2016: $187m). Grainger is a broad line supplier of maintenance, repair and operating products, with operations in Europe, Asia and […]
Grainger named among ‘most admired companies’ in Fortune 2017 list
Grainger has yet again been named among Fortune’s World’s Most Admired Companies. The annual listing has seen Grainger ranked number one for the fourth consecutive year in the ‘Wholesalers: Diversified’ category. Business magazine Fortune’s list covers corporate reputations across 51 industries. The Hay Group division of Korn Ferry asked executives, directors, and analysts to rate enterprises […]
Grainger shares expertise with new Online Knowledge Center
Grainger has ploughed its knowledge into a newly launched service for customers, named ‘The Knowledge Center by Grainger’. The online resource centre is designed to provide insights, information and best practice tips to customers looking to save time and money while boosting productivity. Housed on Grainger.com, providing another reason for customers to visit the site, […]
Grainger sales marginally down, but earns perfect score in Corporate Equality Index
Grainger has reported a slight dip in sales results for November 2016, compared like-for-like with the same month last year. Company daily sales were down 3% in November 2016 versus November of 2015, driven by a 1% point decline in volume, a 1% decline in price and a 1% point decline from lower sales of […]
Sales up for Fabory and Cromwell owner Grainger
Grainger saw sales rise 2% to $2.6 billion in Q2 2016, however net earnings were down 22% from $221 million to $173 million. Grainger, owner of Fabory and Cromwell, said a “difficult industrial environment” hit the Q2 performance. The quarter also saw some restructuring in Canada and coping with the fallout from the extreme wildfires in […]