By Anthony Capkun
August 4, 2020 – On a same-store basis, AD Member sales across all AD 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, 6-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 & Safety sales were down 7%.
Group purchases from AD suppliers were down 2%. Net rebate distributions to members grew 1%.
“The strength of the independent business model—locally run, fiercely self-sufficient and agile—shines through in times like these […],” said AD’s CEO Bill Weisberg.
Ted Simpson, AD’s senior VP of Marketing, said the AD team is focused on “helping our members and suppliers navigate this environment while prudently managing expenses”, adding that various programs and initiatives “were either newly created or adjusted to accommodate current operating dynamics”.
AD is a member-owned, North American contractor and industrial products wholesale buying group. Its 800-plus independent member owners span 12 divisions in Canada, the U.S. and Mexico, with annual sales exceeding $46 billion.