Ferguson Sales Down 18.6% For FY
Wolseley's annual report for its latest fiscal year ended July 31, 2009, shows Ferguson revenues dropped 18.6% to $9.14 billion. The British parent also said Ferguson's branch count dropped by 154 to 1,228 locations. Ferguson's employment was reduced by 3,840, and Wolseley noted that Ferguson's total employment has dropped by 25% in the last two years.
For the full report, read here.