Grainger (GWW) said Friday it suffered a 13% decline in August sales from a year ago due to weak demand across the board.
The industrial-supply company said its sales were negatively impacted approximately one percentage point by currency fluctuations. But primarily, the double-digit drop in sales was due to “weak demand across all customer end-markets and geographies.”
Sales in the U.S. tumbled 14% from a year ago and 8% in Canada.
Shares of Grainger were inactive in the premarkets but are up 14% so far in 2009.
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