Grainger August sales up 7 percent

By Associated Press
September 11, 2008 | Comments (0)

Recs

0

Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

Buy Now!

Maintenance products distributor W.W. Grainger Inc. said Thursday its daily sales rose 7 percent in August, as sales from an acquisition offset lower demand for seasonal products.

Grainger said its sales were boosted by about 1 percentage point by its lab safety supply division's acquisition of Highsmith Inc., but decreased by about 2 percentage points as a result of lower sales of seasonal products.

There were two fewer selling days in August 2008 compared with the year-ago period.

Grainger shares fell 89 cents to $87.50 in morning trading.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 725361, ~/articles/articlehandler.aspx, 1/8/2009 12:25:56 AM

Sign up for FREE Motley Fool site access to keep reading:

“Grainger August sales up 7 percent”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.