I work in the catalog industry, and recent research (with a nod to Catalog Age magazine) indicates that crafts retailers often see a rise in sales during a recession, perhaps because people tend to stay home more rather than going out. Also, pet supplies, gourmet cooking, and, oddly, adult entertainment companies tend to see no negative effects from a bad economy. The theory seems to be that people won’t skimp on their pets, they cook at home more when money is tight, and they want fantasy (sex toys, adult videos, etc.) when times are bad.
-
-
- Agriculture isn’t recession-proof by any means. Beyond their own needs, farmers only raise crops because they think they’ll be able to sell the yield at a profit. If they know they can’t, they won’t.
They can always raise enough for themselves, but they don’t have to bother with anything beyond that.
~
- Agriculture isn’t recession-proof by any means. Beyond their own needs, farmers only raise crops because they think they’ll be able to sell the yield at a profit. If they know they can’t, they won’t.
-
- Also, (speaking regionally) the US has too many farmers as it is. Rural areas of the Great Plains states are being abandoned at alarming rates, due to the lack of opportunities for economic success there. - MC
Not really. The media is dependent on advertising.
Downturn in the economy = downturn in profits = cutbacks in company spending = cutbacks on advertising spending = less advertising space and/or time sold to media outlets = less profits for media outlets = LAYOFFS.
The classic three are MCD, Bud, and MO.
I was getting my hair cut this morning and the barbers said their business has dropped by 25% since the 11th. I suppose people will get their hair done sooner or later, but there’s nothing to stop them from going an extra week between visits.
I’ve always heard that office supply stores do okay during recessions. I would imagine most other low end consumables do as well. I think people will wait on buying new computers, big screen tv’s, etc., but upgrades will still sell.
I work for an ISP, and we have had a large influx of new customers (without doing any extra advertising) the past two weeks. People are shopping around more for a better deal IME.
Attorneys specializing in criminal defense do well in both good times and bad. People always find a way to pay when their personal freedom is at stake.
My highschool economics teacher told me people will always need two things: Haircuts and salt.
Grocery Stores…
Think about it. People won’t eat out as much, so the fact that people are being more frugal with grocery bills will be offset by the greater amount of food being purchased (and I won’t dare quit my job at Publix… as my dad pointed out in a moment of introspection “People gotta eat!”)
Agriculture is very sensitive to energy costs. If the price of oil rises, agribusiness will feel the pinch. (This is not so much a recession issue as a war issue.)
I’m trying to differentiate here with the posts, between Wartime economy and recession/almost depression economy. I’m 39, and so wasn’t a nightmare in my father’s eye in WWII.
How do we figure out which sectors will do well in Wartime opposed to Recession??? After all, we’ve had a few recessions in the last 30 years but no wars. We HAVE had the largest peacetime military build-up in history, during the Reagan years. Still, it wasn’t crush time, it was a planned explosion of funding into military hardware and such.
All I’m saying is, which areas flourish ONLY during wartime, opposed to what we are facing now- maybe recession, maybe war, maybe both. I grew up being told that war is actually good for an economy, that it spurs growth in heavy industry AND research AND agriculture, etc.
Was that a lie?
Cartooniverse
If ever I go into business, it’ll definitely be a liquor store. It’s clean and tidy, your stock tends not to be perishable, and unlike a pub, most of your patrons are sober. But the main reason is, it’s recession proof. Not only that, but it also stands to make the most out of a good economy (unlike other “recession proof” industries such as utilities which just kinda chug along regardless).
People drink to both celebrate, and to drown their sorrows. And for those who like a drink, alcohol will be one of the last sacrifices when times are tough. When the economy goes bad, the liquor store proprietor just orders in a bit less single malt whisky and imported lagers, and a bit more mainstream beer, rough bourbon, and bulk wine.
OK, so you tend to get held up a lot, but hey, it IS recession proof.