AD reported that member sales in the first three months of 2022 were $17.2 billion, an increase of 35% across its 13 divisions and three countries compared to the first quarter of 2021. Same-store sales were up 27%. All 13 of AD’s divisions experienced double-digit sales growth.
Significant price inflation cited among factors; Recession forthcoming?
April 29, 2022
Respondents reported calendar-year-to-date sales growth of 24%. For the trailing 12 months ending March 2022, respondents reported strong sales growth of 23.7%.
Raritan Group announced its recent hire of Donna Macaron, who will join the team as an Industrial Sales Specialist. In her new role, Macaron will be accountable for creating strategies to improve profitability and increasing sales.
Reports are claiming that the Biden Administration may delay the lifting of Title 42 beyond the current May 23rd rescission date. While some Democrats are opposed to this, Republicans and many moderate Democrats are opposed to lifting Title 42, which keeps migrants seeking entry to the US, in Mexico, until their cases are heard
One of our 34 stops last year was at Dakota Supply Group. Paul Kennedy, the distributor’s CEO, said the tour stop was inspiring to his team. “I don’t think anyone has been able to articulate what we do as distributors as well as you are doing on this tour you are on. I felt that we needed to be a part of it - to be a part of the story you’re telling. Helping our team understand the important role they fill in contributing to building America, that was great.”
Inflation starting to creep into numbers, inventory levels on the rise.
April 4, 2022
Respondents to ASA’s monthly sales report reported a median sales increase of 27% for February 2022 vs. the same February 2021 timeframe. These results reflect another month of robust performance compared to the same month a year ago, though compared to January 2022 totals, the median sales growth was a more modest 4.5%, reports Industry Insights, which prepares the report for ASA distributor members.
For better or for worse, elections have consequences. That has now been proven yet again, even though the federal government is experiencing some of the slimmest partisan margins in its history. With former President Trump still in the background, the Biden administration quickly set out with a wide-ranging agenda to implement its vision for America. However, much of this has been stalled with the COVID-19 pandemic still with us and its continuous viral variants, an economy expanding amid inflation and foreign policy challenges that seem to present themselves daily.