The Worlds Largest Funeral Corporation, SCI, NYSE: SCI is getting more attention with a body mixup Scandal. The wrong body in wrong grave is every funeral directors nightmare.
I am not at liberty to discuss it right now,” said Kim Perry from Stanetsky Memorial Chapels.
Perry runs Stanetsky Memorial Chapels in Brookline, where state investigators said her staff mistakenly mixed up the burials of two women, both named Evelyn.
“If any family disappointed in our service we’re always remorseful,” said Perry.
“I gave her a full Jewish burial and then this happens,” said Zippin.
Zippin’s mother Evelyn died in late August. He trusted Stanetsky Memorial Chappels to handle the internment, but state investigators say they made a grave mistake.
“They should have called me and told me, at least apologized, but no,” said Zippin.
Investigators say Evelyn was buried in Woburn. She wasn’t supposed to be there. Workers apparently mixed up the bodies of two women, both named Evelyn.
Funeral Industry| Funeral News| Funeral Blog by Your Funeral Guy
Kim Perry is a former state funeral leader in Massachucetts
The stock for Service Corporation International is in bearish territory. This does not bode well for the World’s Largest Funeral Corporation NYSE: SCI. Service Corp Intl.
MACD indicator has moved into bearish territory with a reading of -0.0435. The Zacks #4 Rank (“Sell”) stock remained unchanged to $8.26 in the morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending 2010 has decreased by a cent over the past week to 54 cents per share.
Funeral industry | Funeral News| Funeral Blog by Your Funeral Guy
The building once produced the most expensive caskets in the world was demolished last week. This is symbol of casket decline traditional funeral industry trouble. in the United States. It all relates back to the rise of Cremation.
Marsellus Casket Company once was the casket Company to the Presidents and the World’s elite.
Syracuse, NY — The Marsellus Casket Co. clock that told the time over Erie Boulevard for years is gone, brought down during demolition of the fire-ravaged factory.
Excavators continue to dig through the wreckage this morning of the 121-year-old red brick building that was destroyed by a fire Wednesday morning that burned for hours. Police and fire investigators say someone sparked the fire, but they aren’t sure if it was deliberate.
Funeral industry| Funeral News|Funeral Blog by R. Brian Burkhardt, Your Funeral Guy
Featured Image by Dick Blume / The Post-Standard
- Income Decline illustration- Image via Wikipedia
The second largest Funeral Corporation in The United States Stewart Enterprises Inc (STEI)is continuing it’s Funeral Industry decline.
Stewart Enterprises Inc. said Wednesday its fiscal third-quarter profit edged lower as the funeral provider recorded higher costs and expenses.
The company said net income was $6 million, or 6 cents a share, for the three months ended July 31. That compares with net income of $6.1 million, or 7 cents a share, in the same quarter last year.
Now coming off the last year(2009) the worst in the funeral industry, due to the great recession the giant should find an easy path to growth.
Again this points to the fact that Families are paying Less for Funerals(less in Funeral Cost) and the rise of cremation.
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Funeral and cemetery Preneed, the advanced purchase of prepaid funerals and burial sites seems to be down in the suburbs. This is what is being reported in a collar county outside Chicago.
Less money spent on preneed or prepaid funerals means a downward trend in Funeral Cost.
People still purchase rights to burial, but not like they once did. Society’s transient nature and the economy are contributing to more cremations and fewer rights to burial purchased in advance, those involved with funerals and cemeteries said.
“It’s not like they used to years ago when a family member buys 16 graves for the whole family,” said Roger Ronzheimer, superintendent for the St. Charles Township cemeteries.
Funeral industry| Funeral News | Funeral Blog by Your Funeral Guy
The expert agrees that that the rise of cremation has instituted a Funeral Industry decline and and a tombstone recession. People are buying less burial plots and fewer gravestones. Folks trying to sell their own burial spaces are having a hard time doing just that!
It is no secret that the economy has hurt funeral homes and cemeteries and caused people to turn to cremation.
This is not good news for the traditional Funeral. It is good news for those folks that offer cremation services and sell cremation goods and services.
After advertising the space for a year,the Lemons have attracted no buyers.
“We’re not trying to get rich,” said Clinton Lemons, 82. “We’re just trying to get rid of the lots. It’s kind of like trying to sell a home.”
The demand for cemetery plots and mausoleums is lower than it has been in years and it’s a buyer’s market, says Robert Fells, attorney for the International Cemetery, Cremation and Funeral Association in Sterling, Va. The group represents more than 7,400 cemeteries, funeral homes, crematoriums and other death care service providers in the USA.
Though no industrywide statistics are available about the glut of cemetery plots, Fells says there’s plenty of anecdotal evidence.
“People are buying less burial property,” he said. “There’s a growing surplus.”
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Quietly and for a while now Service Corporation International (NYSE:SCI) has been blogging for Funeral Dollars.
The World’s largest funeral corporation in NC is putting out some interesting blog posts for its funeral homes in NORTH CAROLINA.
Do not be fooled there are lies in there too.
“Snippet From the Dignity North Carolina Blog:
Funeral insurance is usually sold as guaranteed coverage, which means that it cannot be denied to you because of pre existing health conditions the way that life insurance can be.
No funeral insurance (Preneed, Prepaid) can guarantee coverage because no investment in today’s market can be guaranteed. No one can lock in today’s prices anymore. No one can say that will happen.
The absurdity of the statement “it( funeral Insurance) cannot be denied to you because of pre existing health benefits.” This sounds good at first but it is an apple and oranges comparison.
Funeral insurance is a purchase of funeral goods and service that is put into an insurance or other investment vehicle. Life insurance refers to payment of monies upon your death. They are quite different things.
Will the World Largest Funeral Corporation start “STATE BY STATE” Funeral Blogs as it did for it’s Funeral Homes in North Carolina? It is quite possible they have already done this. this tactic is an indication of funeral industry decline, and the declining funeral cost to the consumer.
The recent NPS, Illinois Funeral Directors Association Preneed Scandal and the California Funeral Directors Association Scandal is reason enough to avoid funeral preneed.
Funeral Industry funeral News Funeral Blog by Your Funeral Guy
IF SERVICE CORPORATION INTERNATIONAL Would blog for their Funeral Homes State By State it would sure ramp up Funeral industry competition.
Presently the Funeral Industry is in a major decline. By all statistical indications the number of Death’s Handled by Funeral Homes(Industry)has declined on a large scale in the USA. This was brought out in a recent news article by Ken Gronbach, at cnbc..com.
Handling 3 million deaths 10 years ago now it is estimated that only two million deaths are handled by the Funeral Industry so what happened Down by one third. Snippet:
For those in the funeral industry, death, or lack thereof, has been no laughing matter for almost a decade. Funerals and cremations are at a 20-year low.
About a decade ago, the industry was handling three million deaths a year. Now that number is a third less.
With an inherent gallows-humor bent, it’s not surprising that lots of possible reasons have been circulating within the funeral industry about slow business. Among them are alien abductions, body snatchers, secret and private home funerals and burials, but none seemed to satisfy or be tenable.
So really is the decline in the Death Rate the real cause of the decline in the Funeral Biz? This analysis seems a bit simplistic.
Truly American Medicine has kept boomers alive. But currently Obesity may change all that. The baby boomers have not died as quickly as anticipated.
Funeral Industry|Funeral News| Funeral Blog by Your Funeral Guy
How and When will Baby Boomer Deaths impact the Funeral Industry?
This is the question that is will determine the future of the funeral industry:”Are Baby Boomers hurting or helping the Funeral Industry? For the Funeral Industry?” this is the funeral industry question of the decade? Will it be cremation, Alkaline hydrolysis(green cremation)? Will they go for Walmart caskets? Will the dead live on online? Will the boomers avoid digital death?
So with the Boomers’ history in mind, the following questions come to mind: Will funeral homes remain relevant? How many Boomers will chose to be cremated? Will the somber tones and creepy music of the traditional funeral be replaced with celebration and rock ‘n’ roll? Will there be religious services? Or, if it’s available, will they buy a funeral kit online or at Wal-Mart // [WMT 51.30 -1.74 (-3.28%) ]// and handle their own funerals? Will funeral services be cyber rather than in-person? Will the deceased live on as avatars? How will funeral directors communicate with Generation Y kids as they make funeral arrangements for their Boomer parents?
The funeral industry is at a crossroads, with change bearing down on it. The next five years or so will be defining. Demand will most certainly increase and the progressive contingent will prepare, change and dramatically prosper.
Bob Dylan pondered this idea when he penned the lyrics, “The times, they are a changing….” And how!
Another important question is how will funeral directors approach generation y?
Funeral industry| Funeral news| Funeral blog by your funeral guy