Interesting corollary impact to the economy: Albany's largest dry cleaner has experienced a "dramatic downturn" in revenue and has filed for bankruptcy. "We're seeing clothes dirtier than they used to be," said CEO B. Robert Joel. Rising energy costs coupled with declining consumer traffic combined to create a significant shift in the business. Four of the chain's 14 locations will be closed.
Dry cleaning as bellwether
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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.
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This page contains a single entry by David Wertheimer published on December 22, 2008 12:34 PM.
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