It was another big week for content on ID, which included the results of our annual Salary Report — a look at compensation and satisfaction levels of industrial distribution executives, mid-level managers and sales and management. Other top items featured Fastenal and Grainger.
Here's this week's Top 5
Jack Keough - Fastenal "Becoming Much Better" At Vending Business: ID contributing editor Jack Keough discusses Fastenal CEO Dan Florness' July 12 comments on the company's state of industrial vending, including its ongoing optimization plan and progress in Onsite signings. Fastenal's vending business nnow accounts for nearly 45 percent of its revenues.
ID's 2016 Salary Report - Executives: This first installment of our annual Salary Report details the factors affecting compensation and overall satisfaction levels of executives from our recent readership survey of industrial distributors.
ID's 2016 Salary Report - Mid-Level Management: In this second installment, see how industrial distribution mid-level management employees feel about their compensation and overall satisfaction level. The third and final segment of the report — featuring sales and sales management, was posted Friday morning.
Grainger Q2 Profit Continues Fall; E-Commerce Now 46% Of Sales: Grainger's latest quarterly report included a 2 percent total sales increase year-over-year, though organic sales declined 2 percent. Profit, meanwhile, sunk 22 percent. Grainger closed 27 branches in Q2 after closing only five in Q1 as part of its U.S. restructing plan, while Q2 also included the launch of a new inside sales team.
GPC & Motion Industries Stay On Acquisition Trail, Add OBBCO Safety: Motion Industries will expand further with the addition of Chesapeake, VA-based OBBCO Safety & Supply, a distributor with estimated revenues of about $20 million. It's the latest in a run of acquisitions by Genuine Parts Company across its automotive, industrial and office operations.