Distribution Industry News
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Lowe’s Reports Sales Down 1.6% in Second Quarter 2023
Lowe’s reported a growth in both online and Pro sales in the second quarter.
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Core & Main Opens New Location in California
The location expands geosynthetics products reach in the western U.S.
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Motion & Control Enterprises Acquires Ultimation Industries, LLC
Ultimation provides automation and material handling solutions across the U.S., Latin America and Europe.
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Industrial Production Increases 1% in July 2023
The capacity utilization rate increased in July to 79.3%.
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The Home Depot Reports Sales Down 2% in Second Quarter 2023
Home Depot Pro sales were slightly negative.
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Avnet Sales Up 9.2% in Fiscal 2023
Sales in the fourth quarter were up 2.9%.
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Stellar Industrial Supply Agrees to Acquire The Tool Crib
Location is Stellar’s 18th regional hub across the U.S.
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Evergreen Supply Network CEO Bill Ward Resigns
Wade McCone will serve as interim CEO.
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Producer Price Index for Final Demand Increased 0.3% in July
Prices for final demand goods (minus services) rose 0.1%.
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June Manufacturing Technology Orders Down 13% Year to Date
But totals remain above historical averages.