Re: Best Businesses in Recession???
I've been chatting to people I shop with as a consumer and Bookies have been experiencing a downturn since last Spring, and the lady in the Chinese said business is way down and they are not anticipating an upturn any time soon, for them its been since the new year.
The Cinema used to do well during bad times here in Ireland, but as the cost of attending had increased considerably and many people have an extensive number of channels at home which are relatively cheap I can't see it being sustained, ditto dvd rental its crazy money for short term rental.
People in the US used to say McDonalds was relatively recession proof but as more and more branches open there is less scope for the individual franchises to be at capacity, plus there has been so much information about the health issues associated with the brand it would have to be affected.
Lotto and all Lotto products for sure. If they were sensible they would introduce a €1 face value lottery product, even with a smaller prize, they would pick up the former players who gave up because they believe €3 / €4 would buy them something more.