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January 7, 2009
Drycleaners at the Forefront of Economic Downturn

CHICAGO — In StatShot surveys covering 18 months, drycleaners nationwide reported small average declines until the first quarter of 2008, anticipating the generalized economic meltdown experienced in the third quarter.

In the first three months of 2008, the StatShot panel — a group of industry operators who provide financial and cost data anonymously for use at AmericanDrycleaner.com — reported an average 14.6% drop in sales from the same period in 2007. In the second quarter, operators again reported a double-digit decrease of 14.2%.

November 12, 2008
Selling Out at a Market Low

“The world has changed, and not for the better.”
–Tom Brokaw, Oct. 7, 2008

The drycleaning industry has seen tough times lately. We have seen increasing supply and energy costs, we can’t seem to lower our labor costs, and there are still too many plants. Now that we are officially in a recession or Depression, what can we expect?