| Recession challenges the cleaners |
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| Written by Administrator | |||
| Monday, 16 March 2009 10:07 | |||
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March 14, 2009 - Despite the grim state of the global economy, businesses still want their retail spaces and workplaces to be clean and their employees to present a neat, professional appearance. That reality offers opportunities for three Twin Cities-based companies that might be regarded as a local "clean team." Yet they, too, are adapting to the recession that's hobbled some of their business customers. Ecolab, the biggest player in the trio, had $6.1 billion in net sales last year. It makes an array of products for cleaning and sanitizing that it sells to companies ranging from hospitals to hotels. Tennant Co., which generated $701 million in revenue last year, makes industrial-sized large floor cleaning machines. Rounding out the group is G&K Services, which hit the $1 billion revenue mark in fiscal 2008 that ended in June. G & K supplies uniforms to a wide variety of employers as well as products ranging from floor mats to dust mops. Shares of all three have plummeted from their high values in September.
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2012 UNIVATOR Award entry form
Has your company created an incredible fabric technology or revitalized a restaurant with a fresh, new uniform program? Have you developed ingenious business processes to help your own corporation handle the challenges of this tough economy? Did you dream up an environmentally friendly way to eliminate product waste? UniformMarket News wants to hear your story and consider you for a 2012 UNIVATOR Award.
The UNIVATOR Awards celebrate innovation in the North American uniform, image apparel, medical goods, footwear and equipment markets. For eight years, the UNIVATOR Awards have been shining a light on amazing advancements that keep this industry moving forward. They acknowledge companies, both large and small, that are forging unique paths to success.
Read more...Winners came from all market segments – law enforcement, public safety, corporate and chef apparel, and medical apparel. Many have been cited in previous years; several have not.
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