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.
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