AD 6-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%.