W.W. Grainger (GWW) Daily Sales in August Up 7%
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Grainger (NYSE: GWW) today reported sales results for the month of August 2008. Daily sales grew 7% versus August 2007. Sales benefited by approximately 1 percentage point due to Lab Safety's acquisition of Highsmith. Sales were negatively affected by approximately 2 percentage points due to a decline in sales of seasonal products. There were two less selling days in August 2008 (21) versus August 2007 (23). The 2008 third quarter will have 64 selling days, which is one more selling day than the 2007 third quarter.
W.W. Grainger, Inc. supplies facilities maintenance and other-related products in North America.
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