Green Business Trends
Monday, May 18th, 2009To celebrate Earth Day Sageworks recently released our first set of environmentally-friendly business data. As you can see, sales of recyclable materials have increased over 14% in 2008 despite the recession, and their profits have increased markedly, up 32% from 2007. It seems that going green is gaining popularity.
| Industry | Financial Metric |
2007 |
2008 |
| 42393 - Recyclable Material Wholesalers | Sales Growth |
19.5% |
14.2% |
| 42393 - Recyclable Material Wholesalers | Net Profit Growth |
-8.8% |
32.2% |
| Industry | Financial Metric |
2007 |
2008 |
| 44422 - Nursery & Garden Centers | Net Profit Growth |
29.4% |
-9.3% |
| 44422 - Nursery & Garden Centers | Sales Growth |
7.3% |
0.6% |
There is also data included above on how nurseries & garden centers are doing. Earth day may have come as a welcome relief to the greenhouse and nursery industry; these businesses have seen significant decreases in both sales and profits over the last year.