Richelieu sales decline as pandemic hits fulfillment network

MONTREAL — Richelieu Hardware reported Q2 consolidated sales of $248.3 million, down 11.7 percent from $281.1 million in 2019. Growth of 6.6 percent during the quarter was realized through acquisitions, partially offsetting an internal decrease of 18.3 percent. Sales to hardware and home improvement retailers were $41.3 million, down 3.5 percent due to the current pandemic, which has impacted many of Richelieu’s DCs since mid-March. At the end of June, the company completed the takeover of Central Wholesale Supply, a specialty hardware distributor in Richmond, Va.