AD Member Sales Continue to Break Records
AD, the contractor and industrial products wholesale buying/marketing group, reported a 13 percent increase in member sales, across 12 AD divisions, totaling $20.1 billion through the first six months of the year. Purchases from AD Suppliers also grew by 13 percent YTD.
On a same store basis, by industry, Q2 YTD PHCP sales were up 13 percent; Industrial/PT sales were up 12 percent; Electrical sales were up nine percent; and Building Materials was up seven percent. By country, same store sales in the U.S. grew 11 percent; Canada was up ten percent; and Mexico grew 12 percent.
Bill Weisberg, AD’s Chairman and CEO, commented on the results, “Despite unfortunate turbulence in political realms, lower taxes and a less antagonistic regulatory environment in the U.S. are contributing to Member sales growth in every AD industry. We continue to be bullish for the rest of the year. In the first six months of 2018 we welcomed many new additions to the AD community; 28 new members, 26 new suppliers and seven new HR and procurement service providers. The success of AD eCommerce Solutions continues, now providing over 3.5 million normalized and attributed SKUs, representing over 2,000 manufacturers to the 193 AD subscribing Members, 67 of which are now live with Digital Branches using AD produced content and another 15 will be launching Digital Branches later this year.”