MSC Industrial Direct sees higher sales, but mixed outlook

Manufacturing tools distributor MSC Industrial Direct Co. Inc. said its sales and profits were up in its fiscal first quarter ending Dec. 1, while acknowledging that the future is less certain. The company saw an 8.8% increase in sales to $437.6 million and a 16.3% hike in earnings in its first quarter versus the same period a year ago, but the company's President-CEO David Sandler referred to currently "mixed" market conditions that include "many pockets of strength," but also a generally less-optimistic customer base. He added, "We can continue to take market share ... while also prudently investing in our future to ensure that we are best positioned to take advantage of improvements in the marketplace as they occur."

View Full Article in:

Newsday (Long Island, N.Y.) (subscription required)

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Senior Marketing Analyst
Nordstrom
Seattle, Washington
Sr. Financial Analyst, DCP Retail Finance
Disney
Pasadena, California
Vice President - Stores
Forman Mills
Pennsauken, New Jersey
Senior Manager, Vendor and Financial Management Job
Ross Stores, INC
Dublin, California
Forecast Demand Planning Manager
SmartWool
steamboat springs, Colorado