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Content about Social Issues

April 3, 2012

CHICAGO — If there is one investment philosophy that approaches universal agreement among financial advisers, it’s the need for careful diversification in every portfolio in order to minimize risk

CHICAGO — If there is one investment philosophy that approaches universal agreement among financial advisers, it’s the need for careful diversification in every portfolio in order to minimize risk, but exactly what does diversification mean, and how can you tell if your investments are truly diversified?

One popular TV show on finances features a segment called “Am I Diversified?” in which viewers call in, give the host their top five holdings and the host lets them know if they are properly diversified. According to Jason Whitby, MBA, CFA®, CFP®, AIFA®, senior financial adviser with Miami-based Investor Solutions, it’s not that simple. “The idea of five-stock diversification is mostly refuted by the financial community,” he says, “which tends to agree that the number of individual stocks needed for diversification is actually closer to 30.”

February 14, 2012

CHICAGO — It’s not unusual for a retail dry cleaner to also offer a commercial service, and hotel/motel guest dry cleaning is the most common one offered among the operators polled in this month’s AmericanDrycleaner.com Wire survey.

Sixty percent of operators that responded to the anonymous survey provide dry cleaning for hotel/motel guests. Next most popular is uniform/workwear services at 40%, followed closely by “other” at 33.3%. Services listed as “other” included police uniforms, table linen and chef jackets for catering companies, and spa linens.

Roughly 27% of respondents process healthcare linens, 20% clean restaurant/food service linens, and 13.3% process hotel/motel linens and napery.

Forty percent of respondents say they plan to add a commercial service or expand their existing commercial capacity in the next 12 months. The remainder is not planning additions or expansion.

Respondents that offer commercial services say this work accounts for, on average, 4.9% of their gross sales and 4.4% of their profits.

February 1, 2012

WASHINGTON — The State Coalition for Remediation of Drycleaners (SCRD) has prepared an easy-to-read guide explaining the dry cleaner cleanup process.

“The U.S. EPA (Environmental Protection Agency) asked the SCRD to prepare a series of community outreach products, such as fact sheets that could be used to engage communities that have been negatively impacted by drycleaner sites,” says SCRD Chairman Scott Huckstep. “The fact sheets are designed to be aids in helping communities understand drycleaner remediation issues.”

The Citizen’s Guide to Drycleaner Cleanup can be downloaded from the SCRD website.

December 14, 2011

EVANSTON, Ill. — As we predicted here several months ago (Could The Unions Still Clean Up?), the National Labor Relations Board (NLRB) is continuing its pro-union agenda with the same thunder as a battleship blasting a broadside.

On June 21, the NLRB published the proposed changes it wants in rules governing union representation elections. When adopted, these rules will make the jobs of union organizers easier by handcuffing management and fast-tracking representation elections in which a company’s employees vote whether or not they wish to unionize.

Following the defeat in Congress of the Employee Free Choice Act, which would have allowed “card check unionization” and eliminated nearly all representation elections, union leaders are trying a different way to reach their easy organizing goals. They know “if you can’t legislate, regulate.” And the NLRB regulates labor relations in America.

December 7, 2011

CHICAGO — The filing deadline for 2011 federal income taxes is not far off, but you still have time to make sure you’ve done everything you can to keep Uncle Sam’s paws off as much of your money as possible. Here are some last-minute ways to do that by reducing your 2011 income tax bill:

Often-Overlooked Deductions

Many easily overlooked miscellaneous expenses are deductible as long as they add up to at least 2% of your adjusted gross income. Grouping them can help you meet the threshold. Here are some miscellaneous items you may have overlooked:

November 9, 2011

CHICAGO — Runways in the world’s fashion capitals came alive for 2011’s fall season, as if to herald an end to recessionary reserve and embrace edgy elegance again.

Ultra-bright colors, extreme ruffles and riotous patterns starred in over-the-top productions featuring post-apocalyptic landscapes, manacled models and psychedelic toadstools. Only minutes elapsed between many of the designer duds’ debuts and the time they hit the streets, knocked off for the mass market under many more-affordable labels.

Some of the season’s styles—the classically tailored mid-century modern and menswear-inspired looks, for example—shouldn’t present professional dry cleaners with problems if they remember to read their care labels and steady their skill sets. But others may have the most seasoned operators at a loss for a cleaning strategy, or at risk for a claim.

And as the following four trends move from the runway to the mall, they have the potential to present the biggest challenges.

November 8, 2011

CHICAGO — Arrival of new fall fashions signals some styles that could cause headaches for dry cleaners. Of the four new styles analyzed by American Drycleaner, scales (snakeskin) are predicted to be most troublesome, according to the latest Wire survey.

One-half of dry cleaners polled see scales as presenting the biggest challenge, but one-third of respondents believe that none of the new fall styles will challenge a skilled dry cleaner.

Small minorities of 8.3% pick “mix and match” (prints, weaves and textures) and “baroque” (high-necked collars, sheer lace, and frippery) as the most challenging new styles. No one who responded to the monthly survey sees “geometric” (bright prints and patterns) as posing a problem.

November 1, 2011

The Drycleaning & Laundry Institute (DLI) and the National Cleaners Association (NCA) are planning a co-operative winter management seminar Jan. 12-15, 2012, at the Gran Melia hotel resort in Puerto Rico. “DLI Five-Stars & NCA Brainstorming 2012” will provide an opportunity for members of both associations to unite in the sprit of unity, learning, and progress.

A healthy balance of work and play is built into the conference schedule. Seminars will run half-days only Friday though Sunday to allow guests to enjoy the hospitable climate and tropical atmosphere of a very scenic and relaxing atmosphere.

Call Mary Scalco, DLI, 800-638-2627, ext. 1102, or Nora Nealis, NCA, 800-888-1622, for more information.

October 11, 2011

CHICAGO — In the spirit of Halloween, American Drycleaner asked members of the trade audience to answer which spooky scenario frightens them the most. And while there was a clear-cut No. 1 choice, every potential situation presented in the Wire survey received votes.

Top of the list—at 26.3%—was receiving a call from the Occupational Safety & Health Administration (OSHA) after it had received an anonymous complaint. Running a close second at 23.7% was a lengthy power outage. Third (15.8%) was “other,” including fears of going out of business and being investigated by the Environmental Protection Agency.

Other scenarios were a key piece of equipment is out of commission (13.2%), a big customer stops using your service (10.5%), a staff member injured on the job threatens to sue (5.3%), circumstances force a 10% cut in next year’s budget (2.6%), and an audit reveals that funds are missing (2.6%).

Operators were asked about the most frightening thing to have affected their store or plant. Some of the responses were:

August 29, 2011

ATLANTA — Southern Automatic Machinery Co. (SAMCO) has changed its name and moved into a larger, more customer-friendly location, the company says.

The company officially changed its name to the acronym that customers already use: SAMCO.

“Our company has history in the Atlanta area, and rather than lose part of our heritage by developing a new name, we decided to become more modern and use our initials,” says John Sugg, president and CEO of SAMCO.

The company has been operating as Southern Automatic Machinery Co. since the 1940s, when it was founded. SAMCO got its name because it was located in the South, and at the time, washing machines were referred to as automatic machines.

SAMCO’s new, 10,400-square-feet facility is located at 133 N. 85 Parkway in Fayetteville, Ga.

“These changes were made with the customer in mind, and we believe it will strengthen our existing relationships while helping to forge new ones,” Sugg says. “We’ll remain the company our customers have come to know and trust, and [we] look forward to continued success as we approach 2012.”

August 23, 2011

CONCORD, N.C. — It seems to me that cleaners are looking for a remedy to tannin stains, but few are willing to make the commitment to gain the working knowledge and experience to solve the problem.

Stain removal requires a basic knowledge of fibers, fabrics and dyes. In an industry that is dominated by business models that proclaim “I can do it cheaper than you,” we fail to realize that we are stating to the consumer that there is little or no difference in service and quality.

Look around and you will see a difference in the marketplace. The “me too” cleaners that never bothered to set themselves apart are quietly fading away.

With the perception of a flat economy, the consumer is becoming more demanding about the quality of products and services. Start setting yourself apart from the competitors left in your area. This is the way to “steal” 5-10% from each competitor by acquiring the knowledge and techniques to remove the stains those competitors won’t or can’t get out of the customers’ garments.

August 10, 2011

SAN FRANCISCO — Generally speaking, smaller drycleaning stores hire babysitters. Wikipedia defines babysitting as “the practice of temporarily caring for a child on behalf of the child’s parents. Babysitting is commonly performed as an odd job by teenagers for extra money.”

The key words here are “temporary” and “odd job.” These characteristics may be acceptable for hiring babysitters. You have no expectations for a long-term relationship, and there is really no loyalty nor motivation on either side to learn the finite details of the household. They are unacceptable for the drycleaner hiring front-counter staff.

Temporary child-care helpers are poor substitutes for parents. Parents care and foster the successes of their children. They are involved in all important aspects of the children’s activities.

Babysitters are not “bad.” They generally provide a safe, secure environment for short periods of time. There are no expectations that they will do more. No love or compassion is required, and, generally, no long-term relationship is established.

June 20, 2011

RICHMOND, Va. – The principals of local business HandCraft Cleaners were honored during a luncheon Friday as the 2011 Virginia Small Business Persons of the Year.

Receiving the honor were Keith Nichols, president; John Nichols, vice president; and Jeffrey Nichols, treasurer.

May 9, 2011

NEW YORK — For the first time since 2006, growth has surpassed survival as the No. 1 priority for entrepreneurs, according to the American Express OPEN Small Business Monitor, a semiannual survey of business owners now in its 10th year. And more than one-third (35%) plan to hire, last month’s survey says, perhaps further evidence that a recovery is reaching Main Street businesses.

May 5, 2011

P&G’s new Tide-brand plants could be the wave of the future, if franchise operators can keep the consumer experience fresh.

LEAWOOD, Kan. — Procter & Gamble, maker of America’s best-selling laundry detergent, is now in the drycleaning business. The company picked the Kansas City suburb of Leawood, Kan., as the location for its flagship Tide plant, which won a Merit Award in this magazine’s 2009 Plant Design Awards.

April 25, 2011

WASHINGTON — President Obama signed a bill into law last week repealing an unpopular reporting requirement attached to last year’s healthcare reform legislation.

Set to begin in 2012, the requirement would have asked businesses to issue an IRS 1099 form to any individual or corporation from which they purchased more than $600 in goods or services in a tax year.

Many small-business advocates had called the expanded requirement an unnecessary and unfair burden for small businesses, saying it would create a mountain of paperwork.

April 20, 2011

LAUREL, Md. — The deadline to take advantage of early registration for the 2011 Clean Show, set for June 6-9, 2011 at the Las Vegas Convention Center in Las Vegas, Nev., is approaching fast. Attendees can preregister for $99 per person through May 13; after that date, showgoers must register on-site for a fee of $149 per person.

LAUREL, Md. — The deadline to take advantage of early registration for the 2011 Clean Show, set for June 6-9, 2011 at the Las Vegas Convention Center in Las Vegas, Nev., is approaching fast. Attendees can preregister for $99 per person through May 13; after that date, showgoers must register on-site for a fee of $149 per person.

March 21, 2011

LAUREL, Md. — What happens in Vegas doesn’t stay in Vegas, says the Drycleaning & Laundry Institute (DLI), when what happens is learning. And the association’s recent Five-Star Management Conference, held in Las Vegas last month, was a “mind-expanding” success.

Operator Dan Miller returned from the conference with a headful of ideas. “There were so many things, it’s difficult to list them all,” he says. “We definitely will be focusing on online marketing and using Facebook more effectively.”

February 4, 2011

June 6-9  DLI's Clean 2011 Educational Sessions. Health Care Is Making Me Sick with Frank Kollman, Customers Are Everywhere…You Just Have to Know Where to Look with Al Lautenslager, Why Attaining the DLI Seal of Approval is a Smart Move with Al Lautenslager, and Face to Facebook with Norman Way.

January 24, 2011

In response to popular demand, the Drycleaning & Laundry Institute (DLI) has again picked Las Vegas as the host city for its annual Five-Star Management Conference, set for Feb. 23-25 at the Wynn Resort.

The event kicks off with a welcome reception on the evening of Feb. 23. Conference activities begin at 8:30 a.m. on Thursday, Feb. 24, with opening remarks from DLI CEO Bill Fisher.

January 20, 2011

CHICAGO — Sometimes we revel in the failures of others. We say things like “I knew they couldn’t do it,” “I was sure they’d fail” or “I told you it wouldn’t work.” These comments build our confidence in our own opinions and may improve others’ perceptions of our abilities. It’s human nature and we can’t resist it, but there may be more we can learn from these experiences.

November 1, 2010

ARLINGTON, Va. — The Halogenated Solvents Industry Alliance (HSIA) filed a petition last week with the Environmental Protection Agency (EPA) to list n-Propyl Bromide (nPB), a brominated hydrocarbon, as a hazardous air pollutant under Section 112 of the Clean Air Act. Such a listing would result in regulation of significant sources of nPB emissions.

October 26, 2010

HENDERSONVILLE, N.C. — With the race for North Carolina’s 11th Congressional District coming down to the wire, House minority whip Eric Cantor (R-Va.) joined local drycleaner Jeff Miller on the campaign trail.

Miller, longtime operator of Miller’s Fine Drycleaning, is challenging incumbent Heath Shuler (D-N.C.) of Waynesville for the seat, which represents most of the state’s western tip. The No. 2 Republican in the House appeared with Miller at a rally last week in Hendersonville.

October 4, 2010

COLUMBUS, Ohio — The E.J. Thomas Co., a leading regional distributor of drycleaning and laundry supplies, announced last week that it has been sold to Randy Zimmerman and Matt Walter. Terms were not disclosed.