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11:08 EDTGWW
theflyonthewall.com: Grainger reports October daily sales down 3%
Grainger reported sales results for the month of October. Daily sales declined 3% versus October 2008. Results for the month included a 3 percentage point contribution from acquisitions and a 2 percentage point benefit from foreign exchange. Excluding acquisitions and foreign exchange, daily sales for the company declined 8%. October 2009 had 22 selling days versus 23 in October 2008. The 2009 fourth quarter will have the same number of selling days as the 2008 fourth quarter. :theflyonthewall.com



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