Equity Analysis /
United States of America

US : MSC Industrial Direct Co., Inc. - MSM | MSC Announces Closure Of 73 Sales Branch Offices

    Melissa Chen
    Joshua Wilson
    21 January 2021
    Published byCGS-CIMB

    On January 20, MSC announced intentions to permanently shutter 73 sales branch offices, all of which have already been closed temporarily due to COVID. For reference, MSC operates 97 branch offices in the U.S. and one in the UK.This plan is expected to drive ongoing annual cost savings of $15-18M b