Large public distributors are seeing strong growth return to their ecommerce channel as the economy continues to recover from COVID-19.

The latest example is Fastenal Co. For the second quarter ended June 30, ecommerce sales—including transactions processed on the web and through EDI—totaled $199 million, or 13.2% of total sales of $1.51 billion.

Web sales alone increased by 61% year over year, CEO Dan Florness said on a second-quarter earnings call with stock analysts.

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

Complete your free registration now to access this story and more in-depth reporting, data, and analysis

Already a member? Sign In