MSC Industrial Supply Co. reported fiscal 2022 first-quarter net sales of $848.5 million for the period ending Nov. 27.
Research
Article
Consumer Prices Rise 6.8%
The Consumer Price Index has seen its largest 12-month increase in nearly four decades, according to recently released federal data.
Operations
Article
Amazon Hubs to Add 2,550 Jobs
The online retail and e-commerce giant says hubs in Austin and Phoenix will create jobs amid expansions taking place over the next few years.
Operations
Article
Sonoco Acquiring Ball Metalpack for $1.35B
Sustainable global packaging company says it reached a deal to acquire a leading manufacturer of for food and household products.
Operations
Article
Georgia-Pacific Invests $500M-plus in Complex
The paper-towel and tissue company says its new papermaking complex in Green Bay, Wisconsin, will generate about 150 jobs.
Operations
Article
Arrow Approves $600M Stock Repurchase
The company’s board of directors approved plans to re-buy up to $600 million of common stock through a share repurchase program.
Research
Article
New Residential Construction Up Slightly
Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,712,000.
Research
Article
Oct. Trade Sales and Manufacturers Shipments Rise
The combined value of distributive trade sales and manufacturers’ shipments for October was estimated at $1,709.1 billion.
Economic Trends
Article
Advance Retail and Food Services Estimates Up
Estimates of U.S. retail and food services sales for November were $639.8 billion, an 18.2% increase over the same period in 2020.
Operations
Article
ABC Supply Opens Another Texas Location
The wholesale distributor of roofing, siding and other select exterior building products opened a new location in Lufkin, Texas.
Operations
Article
Platinum Tools Names New Marketing Rep
The provider of preparation, installation, hand termination and testing of wire and cable named Thomasson Marketing its Western U.S. rep.
Economic Trends
Article
Wholesale Inflation Up 9.6% Over Year
The U.S. Bureau of Labor Statistics says wholesale prices in November were up 9.6% from a year ago, the biggest 12-month jump since 2010.

