Source: Forbes.com/Sageworks Stats
Feb 15, 2012
We wanted to alert our readers of a recent and interesting post on Forbes.com on the wholesale distribution sector. The analysis is performed by Sageworks, Inc., a financial information company, which we have access to at Keiter. If you would like to have an industry report run on your business, please contact your Keiter team for details.
“Sageworks recently conducted a financial statement analysis of privately held wholesale merchants and found they’ve kept their inventory days steady despite sales growth. Private wholesalers, part of a $4 trillion sector that operates between manufacturing and retailing, in 2011 saw a second year in a row of double-digit sales growth as sales increased nearly 13 percent, according to Sageworks’ data. Sales had rebounded from a roughly 3 percent decline in 2009 to a nearly 11 percent increase during 2010. Across all industries, private-company sales rose about 7 percent last year.”