AD member sales up 9%
The Wayne, Pa.-based AD buying group reported sales for all members across all seven divisions and three countries grew by 9% in 2016 Q1 YTD to a record $8.7 billion. The cooperative noted some of the quarter’s growth can be attributed to AD’s newest division, AD Canada Plumbing & Heating. On a same-store basis, AD member sales grew 3%.
“Business conditions continue to be challenging in many regions and segments, but there are strong spots, too,” AD Chairman and CEO Bill Weisberg said. “And clearly, AD members in every division are taking share. With the guidance and support of our AD Board of Directors, we are utilizing our growing economies of scale to make strategic investments to help our members grow now and into the future. AD eCommerce Solutions, AD HR Services and AD Indirect Spend Services are three such areas of focus.”
Over the last 12 months, AD members across all divisions hired 1,267 new employees, opened 20 new locations and made five acquisitions.