Weathering the Storm


  • By Mark Gordon
  • | 9:38 p.m. August 11, 2011
  • | 0 Free Articles Remaining!
  • Strategies
  • Share

For a man who runs a company that lost a substantial chunk of revenues in the recession, Lee Wetherington is surprisingly content, if not downright cheerful.

The sales plunge at Lee Wetherington Homes has nonetheless been undeniably painful.

The company sat at $112.74 million in annual sales in 2006. By 2010 the figure was $6.69 million — a 94% drop over five years. On a percentage basis, the largest drop of the five-year period occurred last year, when sales fell 64.7%, from $18.95 million in 2009 to the $6.69 million figure.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content