Wayne, Pennsylvania-based buying group AD announced Monday that, on a same-store basis, member sales across all AD’s divisions and countries were down 6% through the first nine months of this year, to $33 billion.
By business unit, nine-month plumbing, heating, cooling and piping same store sales were down 2%; electrical sales were down 7%; building materials sales were down 6%; and industrial and safety sales were down 9%.
The buying group also reported that group purchases from AD suppliers were down 2% in the first nine months of 2020.
Net rebate distributions to members were at the same level as 2019. September’s member purchases from AD supplier partners saw a 1% increase from the same time last year, the first increase since April.
“Our community has always been passionate about growth, and while we’re powering through and surviving the toughest times we’ve faced in a long time, we are making a collective commitment to getting back to what we do best: growing, leading and innovating,” said AD CEO Bill Weisberg. “I’m immensely optimistic about our ability to rebound from these challenges and come back stronger than ever.”
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