Grainger Achieves Record Sales
January 30
00:00
2009
Grainger Achieves Record Sales
Jason Sandefur
Grainger reported sales, including fasteners, grew 7% to a record $6.9 billion in 2008, while net earnings rose 13% to $475 million.
Sales during the fourth quarter of 2008 dropped 1% to $1.6 billion, but net earnings climbed 3% to $108 million.
“We are focusing on our strengths of helping customers save money through a broad offering of products, fast delivery, outstanding customer service and a strong balance sheet to back it up,” stated CEO Jim Ryan. Web: grainger.com �2009 FastenerNews.com
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