Funeral Director Daily
Virtually every week that I follow articles on the death care industry I will see an article like this one from CBS Local in New York that pertains to a neighborhood group banding together to stop the construction of a new crematory in their area. This article, which includes a news video, comes from Middletown…
For the last half century the funeral industry has seen tremendous growth of multiple firm businesses getting that growth not necessarily thru growing sales, but by acquisition of other firms. Firms that wanted to grow by acquisition had to be ready when a firm from down the road came up for sale, which in many…
For those of you who follow the public companies in the death care industry we at Funeral Director Daily have initiated coverage of what we call the Death Care Index (DCI) for the last couple of years to help you get a context of how our industry is comparing to the market as a whole. …
It was announced earlier this week that an Alabama jury has awarded damages of $12 million to a family whose cremated remains were lost by a funeral home. You can read coverage from Alabama.com here and the Associated Press here. [wpforms id=”436″ title=”true” description=”true”]
We saw a couple news items that were fairly unique as to their content and thought that we would bring our readers both of them today with very little commentary on our part. The first item that we found concerned a funeral home in Nova Scotia, Canada, where the public service is warning against crematoriums…
Last week Environment and Energy Minister Giorgos Stathakis signed off paving the way for the first crematory to be installed in the country of Greece. According to Athens Mayor Giorgos Kaminis this “will allow Greece to fulfill its commitment for upholding citizens’ rudimentary rights”. You can read more of this article here. According to the…
Australian public company funeral services provider InvoCare announced over the weekend that they successfully completed an underwritten institutional placement of A $65 million (about $US 46 million). You can read about and see a news clip from the Australia Finance News Network here. InvoCare says that the capital raise will be applied to their strategic…
Last October we brought you a story about an Austin, Texas, funeral home where the Texas Department of Banking (TDB) had opened an investigation. You can read about that story concerning the Austin-Peel and Son Funeral Home here. The investigation was opened because the TDB had reason to believe that the funeral home had illegally…
I saw an article earlier this week from Seeking Alpha that you can read here that retailer Nordstrom’s sales increased year over year for the year 2018 by 2.3%. What really hit me about the number though was as I read farther into the article I found out that Nordstrom’s brick and mortar stores suffered…
