The Learning Curve

New tricks for an old dog.

7 business segments doing well

According to Fortune magazine, these seven industries are currently performing better in the economic downturn.

  1. Video games
  2. Cosmetics
  3. Waste management
  4. Comfort foods
  5. Discount retail
  6. For-profit education
  7. Fast food

Of the seven, waste management is the odd ball on the list.  According to Fortune, recent industry consolidation is the cause of profitability in the waste management business, and not the bad economy.

I’d say number 4 on the list, comfort foods, is a mistaken classification.  Although there is a certain logic to believing people are turning to Kraft Mac n’ Cheese and Jello for psychological solace, it’s likely a sign of people who don’t know how to cook eating at home more often.

Other than that, the list makes sense.

Less expensive shopping, entertainment, eating, and personal adornment is replacing the more expensive alternatives, and more investment in personal economic value through education.

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Written by Tom Fox

12/30/2008 at 9:50 am

Posted in Business

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