Shop Talk

Retailers, consumers and prices

Check Out Line: 7 things consumers still spend on

May 12, 2009

dentist1Check out the list of things consumers are still spending money on during the recession.

Auto repairs, home repairs and going to the dentist are among the seven areas consumers are still spending their money even as consumers worry about their jobs, according to Sageworks.

Auto repair shops’ sales grew an average of 2.4 percent over the last 12 months, compared with a 9.7 percent decline at car dealerships, Sageworks said. Meanwhile building equipment contractors, such as electricians and plumbing and heating contractors, saw sales rise 4.6 percent in the last year, while home builders’ sales fell more than 5 percent in the same period.

Grocery stores were more popular than eating out as the former had average sales growth of 6.7 percent over the last 12 months, compared with growth of 3.9 percent at sit-down restaurants, Sageworks said.

Others areas of growth:

* Trade and technical schools saw their sales grow 7.8 percent in the last 23 months, compared with growth of 5.9 percent in 2007.

* The average dentist office experienced sales growth of 6.9 percent in the last 12 months, up from 4.9 percent growth in 2007.

* Hair salons, barber shops, nail salons and skin-care providers saw an average of 4.5 percent sales growth in the last 12 months.

* Accounting firms saw average revenue grow 10.2 percent in the last 12 months, ranking the industry among the 20 fastest growing in the country.

Also in the basket:

Ackman says Target proxy not about him

Warnaco profit tops Wall Street view

Target matches competitors’ prices in pilot program

Sara Lee names interim CFO

O’Charley’s posts surprise Q1 profit

(Reuters Photo)

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