Yesterday I wrote about where the jobs are, according to Sageworks‘ analysis of privately-held industries.
Now here’s Sageworks’ list of struggling industries. Below is a list of five sectors that have seen profits drop by at least 21% and sales growth decline by as little as 4% but as high as 20%.
Industry: Furniture and cabinet manufacturers
Net profit % change: -34.5%
Sales % change: -4.5%
What they do: Manufacture furniture for homes and commercial buildings.
Industry: Land Subdividers
Net profit % change: -31.10%
Sales % change: -20%
What they do: Buy land, divide it into lots and sell it to builders for residential and commercial development.
Industry: Cement and concrete product manufacturers
Net profit % change: -28.7%
Sales % change: -5.3%
What they do: Manufacture cement, ready-mix concrete, or concrete pipes, bricks, and blocks.
Industry: Real Estate Agencies & Brokerages
Net profit % change: -22.1%
Sales % change: -13%
What they do: Sell, buy or rent real estate for others.
Industry: Furniture retailers
Net profit % change: -21.9%
Sales % change: -4.8%
What they do: Sell new furniture.
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