Over the last few weeks I have visited several customers who have had really strong sales this summer. In fact, one day I had three different companies tell me that they had record months in July. I wondered if it was just my area or even just certain particular geographic areas that were seeing this. Then, I was online reading fastener news and happened to look at some headlines from Global Fastener News.
“Fastenal Reports First Double Digit Fastener Growth Since 2012”
“Bossard Reports Record Sales and Profits”
“Lindstrom Opens Texas Warehouse to Expand in Southwest” – not related to sales specifically, but expansion
There seems to be a lot of positive fastener sales sentiment out there. While speaking with Eric Dudas of Fasteners Clearing House he mentioned that July was a record breaker there too. Eric reported that they had a record number of “drill downs” which he described as when people who are looking for items actually find and purchase them. Eric can clarify this if he needs to but I take it that a “drill down” is essentially when a fastener search and find is successful. Go do your own search at www.fastenersclearinghouse.com.
This time of year is usually still vacation time. Historically, it is not that surprising to hear that companies are slow in July and then again around the holidays in December. Not this year. Hope this suggests that the remainder of 2014 is going to be strong. And we are now entering into the back-to-school, all done with vacation time of year. And it our industry, that quickly leads us into trade show season. That is always a good time for hearing feedback from others in the industry from coast to coast. In the meantime, let me know how things are going in your neck of the woods.
The National Industrial Fastener & Mill Supply Expo is also experiencing a strong year. 811 booths have been sold for the October 22-24 show in Las Vegas and Expo Management expects this year’s event will top the record year of 2007. “We are also expecting a large turnout of distributors, importers and other buyers looking for new sources and solutions”, says Susan Hurley, General Manager.
Complete Expo information and online registration is available at http://www.fastenershows.com.