Overall ecommerce sales at Fastenal Company, a major distributor of industrial and construction supplies, increased in importance as 2020 came to a close, Fastenal reported today.
Ecommerce sales—which the company defines as web and EDI sales—increased year-over-year average daily sales by 38.3% in the fourth quarter ended Dec. 31, with these sales accelerating throughout the quarter. The web sales portion increased by 23.0%; large-customer EDI sales rose by 43.6%, Fastenal said Wednesday.
To get immediate access to the rest of this article, sign up for a free Strategy Membership using the Join for Free button below. If you’re already a member, please sign in.
Want to read more? Unlock Free Strategy Membership