AD six-month rebate distributions increase despite pandemic
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%.