On a same-store basis, member sales across all AD’s divisions and countries were down 6% through the first six months of this year, to $21.6 billion, driven by a 13% decline in Q2. By business unit, six-month plumbing, heating, cooling and piping same store sales were down 4%; electrical sales were down 6%; building materials sales were down 6%; and industrial and safety sales were down 7%.
Group purchases from AD suppliers were down 2%. Net rebate distributions to members grew 1%.
AD’s CEO Bill Weisberg said, “The strength of the independent business model - locally run, fiercely self-sufficient and agile - shines through in times like these, as does the effectiveness of collaboration and information sharing within our tight-knit community. Our community intends to not only recover but grow.”
Ted Simpson, AD’s SVP of marketing, said, “The AD team continues to be immersed in activities centered on helping our members and suppliers navigate this environment while prudently managing expenses. Programs and initiatives like message boards, AD Rewards, Frontline Business Intelligence reports, More Time to Pay, AD Education Center, and networks were either newly created or adjusted to accommodate current operating dynamics.”
Report Abusive Comment