Market news has picked up after an expected slow period over the holidays, Stanley Black & Decker's Craftsman purchase leading the way. Another fiscal earnings reporting period has also begun, starting with MSC sharing its Q1 figures on Wednesday.
Here's this week's Top 5
Stanley B&D To Add U.S. Factory Following Craftsman Deal: Stanley Black & Decker plans to build a new factory in the U.S. to help produce Craftsman tools — in large part due to uncertainty about international trade under the new administration. The decision is considered a move to keep the company from paying a “border tax” or tariff that has been threatened by President-elect Donald Trump.
Why We Started AgoNow, A New Master Industrial Wholesaler: In November, a group of industrial veterans launched AgoNow, a new industrial master distributor based in Tulsa, OK. In this exclusive piece to ID, AgoNow CEO Larry Davis discusses how the company came about and what it plans to do.
Amazon Business Exceeds 45K Sellers, Expands To Germany & India: Amazon has made public its number of Amazon Business sellers for the first time, and has begun international expansion to two countries.
MSC Optimistic After Posting First Daily Sales Growth In 18 Months: MSC's 2017 first quarter included a continued overall sales decline year-over-year, but strong December has the company optimistic going forward and projecting sales growth in Q2.
Kimball Midwest Names New General Sales Manager: Ten-year company veteran Patrick McCurdy III, who most recently held the position of director of strategic sales, has been promoted to general sales manager.