U.S. housing woes drag down Wolseley profit
Wolseley CEO Chip Hornsby said his company is doing a region-by-region strategic analysis to plot its next moves, after the company reported that its profit dropped by nearly one-quarter for the six months ended Jan. 31. Wolseley's North American division was especially hard-hit, with Stock Building Supply closing 22 locations and reporting a 25.7% drop-off in sales.
Modern Distribution Management | 03/17
This story published in NAW SmartBrief on 03/24/2008
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