CHICAGO — Profits for drycleaners nationwide fell at about the same pace as piececounts in the second quarter of 2008, with AmericanDrycleaner.com’s StatShot panel reporting an average 22.6% decrease in net revenues. Piececounts decreased 22.9% during the same period.
Operators in the West again led declines, with profits falling more than a third (37.3%). The region was hit early and hit hard by the slowdown in the economy, with operators reporting double-digit decreases in sales, piececounts and profits.
Down 14.2% nationwide, sales didn’t post as steep a decline as profits in the second quarter, however. Such numbers may indicate that reliable customers continue to patronize their drycleaners, but fewer high-margin items are getting dropped off with everyday orders.
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Have a question or comment? E-mail our editor Dave Davis at [email protected].