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Ferguson builds in the Northeast

BY HBSDEALER Staff

Newport News, Virginia-based plumbing distributor Ferguson is building a new distribution center in Coxsackie, New York. The company has also leased property for a regional distribution hub in Secaucus, New Jersey.

The two facilities will house almost 1 million sq. ft. of warehouse space and will support Ferguson’s metro New York and Northeast branches, ensuring that customers receive product quickly.

Ferguson is the largest wholesale plumbing distributor in the United States.


In New York, groundbreaking is scheduled for mid-August with a proposed completion date of late summer 2015. The New Jersey shipping hub is expected to open in the first quarter of 2015.

“Our acquisitions and the addition of these two facilities secure Ferguson’s presence in the Northeast,” said Ferguson CEO Frank Roach. “Our investment in the region is based on our philosophy to always strive to better serve our customers.”

In recent months, Ferguson has increased its investment in the Northeast. The company made several acquisitions in New York and New Jersey, including The Davidson Group, Davis & Warshow and Karl’s Appliance, complementing its more than 100 already existing Ferguson locations in the region.

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HCN Stock Watch: Bearing down

BY HBSDEALER Staff

Stocks took a turn for the worse again on Tuesday, with Trex (TREX) experiencing the most bearish momentum at a decrease of 3.00%.

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Data show drop in appliance shipment values

BY David Salazar

Recently released data from the U.S. Census Bureau’s 2012 Economic census shows that the value of household appliance manufacturing shipments dropped 10.8% to $4.3 billion, down from nearly $5 billion in 2007.

The drop in shipping value comes along with other decreases in the industry — including a decrease in the number of people it employed in 2007.

The number of people employed by cooking appliance makers is down 34%, similar to the drop seen among small electrical appliance manufacturers. Both are lower than the 38% decrease in employees at companies that make refrigerators and freezers.

Though there are fewer workers making cooking appliances and small electrical appliances the average employee in both industries is making more money.

Among cooking appliance manufacturers, the average payroll per employee is at $37,143—a 23% increase over a 2007 employee’s salary of $30,199. With small electrical appliance manufacturers, employees are making $39,014 per year, which is a 15.8% increase over 2007.

Overall, shipment value decreased 10.8% for cooking appliance manufacturers to $4.3 billion, a little lower than the 13.9% decrease in shipping value among small electrical appliance makers. Both fared better than fridge and freezer makers, who saw a 36.8% decrease in shipping value — $from $5.8 billion in 2007 to $3.6 billion in 2012.

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