Posts Tagged ‘Education’

One Year Later

Tuesday, September 29th, 2009

It’s been a year now since the collapse of Lehman Brothers and the subsequent/concurrent fallout in real estate and consumer spending. Below is a list of the 20 industries that have been affected the greatest, for better and for worse.

  • Oil drillers, food & medicine manufacturers, and trade schools were some of the best.
  • Real estate, wood products and auto dealerships fared the worst.
Sageworks: Best-Performing Privately-Held Companies Over the Last 12 Months, by Sales Growth
Industry Sales % Change
2111 - Oil and Gas Extraction 29.7%
4245 - Farm Product Raw Material Wholesalers 21.2%
3254 - Pharmaceutical and Medicine Manufacturing 19.9%
5182 - Data Processing, Hosting, and Related Services 16.8%
1111 - Oilseed and Grain Farming 16.3%
3119 - Other Food Manufacturing 14.9%
3118 - Bakeries and Tortilla Manufacturing 14.1%
4235 - Metal and Mineral (except Petroleum) Wholesalers 13.7%
4885 - Freight Transportation Arrangement 13.0%
6115 - Technical and Trade Schools 12.8%
Sageworks: Worst-Performing Privately-Held Companies Over the Last 12 Months, by Sales Decline
2372 - Land Subdivision -13.79%
3212 - Veneer, Plywood, and Wood Product Manufacturing -13.45%
5312 - Offices of Real Estate Agents and Brokers -11.91%
4411 - Automobile Dealers -10.24%
4422 - Home Furnishings Stores -7.81%
4233 - Lumber and Construction Materials Wholesalers -7.40%
4441 - Building Material and Supplies Dealers -6.03%
3273 - Cement and Concrete Product Manufacturing -5.75%
4531 - Florists -5.25%
4412 - Other Motor Vehicle Dealers -5.01%

7 Consumer Behaviors in the Recession

Wednesday, May 27th, 2009

Below is a new list of 7 things that consumers are still doing.  People are fixing their cars, remodeling their homes, and still making trips to the dentist.  While some consumer behaviors have changed, it is nice to hear that the world hasn’t stopped in the current economic climate.

 7 Things Consumers Are (Still) Doing:

 1) Fixing their cars instead of buying new cars.

  • Auto repair shops grew their sales by an average of 2.4% over the last 12 months.
  • In contrast, car dealerships saw their sales decline by 9.7% in the same period.

 2) Remodeling and fixing their homes instead of moving.

  • Building equipment contractors (such as electricians, plumbing and heating contractors) saw their sales increase by 4.6% in the last 12 months.
  • In contrast, home builders saw their sales decrease by over 5% in the same period.

 3) Shopping at grocery stores more than eating out.

  • Grocery stores experienced average sales growth of 6.7% over the last 12 months.
  • Sit-down restaurants saw growth of 3.9% in the same period.

 4) Attending technical and trade schools.

  • Trade and technical schools saw their top-line sales grow by 7.8% in the last 12 months, compared to growth of 5.9% in 2007.

 5) Going to the dentist.

  • The average dentists’ office experienced sales growth of 6.9% in the last 12 months, up from 4.9% in 2007.

 6) Getting personal care services such as haircuts and manicures.

  • Hair salons, barber shops, nail salons, and skin care providers experienced an average of 4.5% sales growth in the last 12 months.

 7) Visiting an accountant.

  • Accounting firms saw average top-line revenues grow by 10.2% over the last 12 months, putting the accounting industry in the top 20 industries in the country by sales growth.

 

Trade and Technical Schools See Growth

Monday, May 18th, 2009

It looks like schools providing trade and technical training are growing despite the current downturn.  Their revenues have grown at an average rate of 7.8% over the last 12 months compared to 5.9% in 2006 and 2007. 

Industry Financial Metric

2005

2006

2007

2008

Last 12 Months

6115 - Technical and Trade Schools Sales % Change

4.06%

5.89%

5.89%

7.51%

7.77%

*Source: Sageworks, Inc.

 According to the Bureau of Labor Statistics (Education Pays Survey), earnings increase substantially and unemployment decreases substantially with greater levels of education. It may be that people are looking to use trade and technical training to set themselves apart as candidates or even to change career paths in the current economic climate.