Monday, November 23, 2009

Is The Economy Affecting Laundromats?

So According to the Wall Street Journal, coin laundries are suffering in this economy as well. The article is an interesting read, but it does not represent all Laundromats in this industry. And yes, while some stores have experienced a downturn, others are actually growing in business. Most of the downturn, has more to due with a change in the demographics of a neighborhood's base customers (mainly people moving back across the border), than it does with the fundamentals of the business itself. In areas of the country where there has not been a large change in core customers of coin laundries, business has been stable. This is generally the case in major metropolitan areas.

Here is the Wall Street Journal Article Even Laundries Tumble..."

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