Grainger posts flat sales at year-end

CHICAGO —Grainger Supply reported a static sales performance of $10 billion for the fiscal year 2015, while Q4 sales of $2.5 billion edged down by 1% compared to a year before. Net earnings reported for the year totalled $769 million, representing a 4% decline from $802 million in 2014. In Canada, sales at Acklands-Grainger fell by 14% in local currency, largely due to volume, while operating earnings were down 60% when $300 million in restructuring costs are excluded.