Grainger (GWW) Reports 3% Decline in October Sales

Grainger (NYSE: GWW) today reported sales results for the month of October 2009. Daily sales declined 3 percent versus October 2008. Results for the month included a 3 percentage point contribution from acquisitions and a 2 percentage point benefit from foreign exchange. Excluding acquisitions and foreign exchange, daily sales for the company declined 8 percent. October 2009 had 22 selling days versus 23 in October 2008. The 2009 fourth quarter will have the same number of selling days (64) as the 2008 fourth quarter.

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