Top 10 Dying Industries

[The Straight Story]

The U.S. economy is recovering from a severe recession, but some industries are unlikely to ever fully bounce back.

A new analysis by research firm IBIS World looks at 10 industries that appear to be dying. The list isn’t exactly shocking, but it represents a mix of sectors that are being left behind by technology or have been hurt by cheaper overseas competition.

The biggest industry profiled by IBISWorld is wired telecom carriers, largely being supplanted by cellphones and the Internet. The dominance of the Web and digital media also puts Newspaper publishers, record stores and video-rental companies on the list. Meanwhile, photofinishing also takes its place among the top 10 dying industries thanks to the growing influence of digital photography.

Cheap imports are blamed for a decline in mills and apparel manufacturers. Companies that rent formal wear are also counted among dying industries amid both competition from abroad and lower prices making owning your own formal wear a more attractive option than renting.




http://blogs.wsj.com/economics/2011/03/28/top-10-dying-industries/?mod=e2tw

[Liberal_in_LA]

1. Record stores?

????

[The Straight Story]

2. Yeah, I remember those from when I was a kid. A store that had 'vinyl' records

we did not have mp3 players and the ability to download music back then :)

[bergie321]

3. So how did you get the records

Onto your iPods? (I kid, I kid)

[The Straight Story]

6. We used hammers :) Now, DJ's have things like this:

[Liberal_in_LA]

5. last 'record store' closed up about 10 years ago...Tower records & that other company

[PufPuf23]

8. The best man at my 1st wedding had just got his driver's license

We drove one of his parents' Volvo's from East Bay suburbia to Tower Records at Columbus and Bay in San Francisco.

Bought Cream's Disreali Gears and Stone's Her Satanic Majestie's Request for $2.33 on vinyl -- they were the latest.

Went to Cost Plus and bought Indian bed spreads / ceiling decor and hash (actually opium used for hash) pipes.

[thelordofhell]

4. Yeah, y'know, people used to buy music

Instead of ripping it all for free on their computers

[Lone_Star_Dem]

7. Manufactured Home Dealers: Isn't that like "mobile homes?"

That kind of surprises me. What with wages being stagnant and home mortgage payments being such a large portion of most families incomes. A lot of folks just cannot afford to purchase a conventional home anymore. Perhaps this is a result of their no longer being able to play fast and loose with the financing?