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StatShot: Coin Sales Dip in Three of Four Regions in February

Bruce Beggs |

But three of four regions post better drop-off sales than previous year

CHICAGO — Coin laundry sales were down overall in three of the four regions in February, according to the most recent AmericanCoinOp.com StatShot unscientific survey, but drop-off sales were up in three of four.

The Midwest posted the only overall sales gain—1.1%—when compared to February 2012. Month-to-month sales were down in the South (1.9%), West (2.2%) and Northeast (5.1%).

“Bad weather really hurt, as we had some weekends that people could not get out,” says a store owner from the Midwest.

Survey takers were asked to use one word to describe the market conditions in their area. Some of the responses included “better,” “decent,” “rising,” “deplorable,” “weak” and “slow.”

Respondents were also asked about drop-off-service sales for February (compared to February 2012).

In the West, where 57.1% of respondents have offered drop-off service for two years or more, sales were up 8.4%. The remaining 42.9% haven’t offered this service in the past two years.

Northeastern operators saw their drop-off sales rise 5.0% in February from the previous year. There, 88% of the respondents have offered this extra-profit service for at least two years.

Drop-off sales were nearly flat in the Midwest (up 0.1%), where 57.1% of respondents have offered this service for two years or more. Roughly 14% offered drop-off last year but are not this year, and the remaining 28.6% haven’t offered drop-off service in the past two years.

In the South, the only region to see a dip in month-to-month drop-off sales (down 0.4% from February 2012), 80% of respondents have offered the extra service for two years or more. Ten percent didn’t offer drop-off last year but do now, and 10% haven’t offered it in the past two years.

AmericanCoinOp.com’s StatShot includes information on sales, wages, costs or other financial data based on anonymous survey information provided by industry owners and operators.

Audience members are invited to participate in these unscientific surveys, which are conducted anonymously online via a partner website, on a regular basis. Self-service laundry operators are encouraged to participate, as a greater number of responses will help to better define industry trends.

About the author

Bruce Beggs

American Trade Magazines LLC

Editorial Director, American Trade Magazines LLC

Bruce Beggs is editorial director of American Trade Magazines LLC, including American Coin-Op, American Drycleaner and American Laundry News. He was the editor of American Laundry News from November 1999 to May 2011. Beggs has worked as a newspaper reporter/editor and magazine editor since graduating from Kansas State University in 1986 with a bachelor’s degree in journalism and mass communications. He and his wife, Sandy, have two children.

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