CHICAGO — Two-fifths (40%) of drycleaners nationwide raised prices during the first six months of the year, according to a survey panel of industry operators tapped by AmericanDrycleaner.com to provide financial and cost data anonymously.
Nationwide, the drycleaners who raised prices upped them an average of 6.1%. The regions most likely to raise prices also reported the largest increases: In the Northeast, more than half of respondents raised prices, with an average increase of 8.8%; in the South, where just under half of respondents increased prices, the average was 7.0%.
Drycleaners in the Midwest increased prices at the national rate, but tacked on only 5.0%, and in the growth markets of the West, only 12.5% of operators raised prices, and only increased them 4%.
AmericanDrycleaner.com regularly posts information on sales, wages, costs and other financial data based on anonymous survey information provided by industry operators every month. If you would like to join the survey panel, e-mail [email protected].
Have a question or comment? E-mail our editor Dave Davis at [email protected].