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More Than Half Of Small Retail Businesses Might Close Down By The Fall
https://www.essence.com/ ^ | AUGUST 18, 2022 | BY JASMINE BROWLEY

Posted on 08/22/2022 7:45:26 AM PDT by RomanSoldier19

Every industry is being impacted by inflated costs, but retailers seem to be getting it the worst.

Retail Dive recently reported that according to recent report findings by Alignable, a referral network for small business owners, the industry is poised to lose more than half of their companies.

Per the findings, nearly half of small business owners, including 59% of retailers, shared they’re at risk of shutting down before winter, a jump from 12% from the 35% that said the same a year ago.

It looks even more troubling for minority-owned businesses (52% could be shuttered by fall) and women-owned businesses (53%). It looks like those in certain parts of the country are more susceptible to financial struggle. Small retailers in Colorado, Michigan, Ohio, Pennsylvania, Texas, North Carolina, California, Illinois, Florida, New York, New Jersey and Georgia, are at significant risk.

(Excerpt) Read more at essence.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: business; depression; economic; retail
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To: rb22982

Do you trust Biden and the bunch who control him to do what is right to maintain a strong dollar?


41 posted on 08/22/2022 9:00:16 AM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: RomanSoldier19

Grocery store trick

Smaller containers

Higher prices


42 posted on 08/22/2022 9:01:37 AM PDT by wardaddy (Lawyers guns and money……I lived it…. Now I'm old…. I have wonderful children)
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To: SaxxonWoods

Do you trust Biden and the bunch who control him to do what is necessary to maintain a strong dollar?


43 posted on 08/22/2022 9:01:46 AM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: RomanSoldier19

Can’t be according to this article.

Forget FDR. Biden Is a Major President in His Own Right.

https://newrepublic.com/article/167474/joe-biden-fdr-polls-inflation-reduction-act


44 posted on 08/22/2022 9:02:15 AM PDT by Parley Baer
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To: RomanSoldier19

Main reason is probably desiring to close up shop and get out of their crime riddem liberal cities


45 posted on 08/22/2022 9:04:57 AM PDT by inchworm (al )
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To: thefactor

So called “journalists” are some of the dumbest people.


46 posted on 08/22/2022 9:05:21 AM PDT by caver
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To: Mr. Jeeves

I quit the lower end stores for material things, like Kohl’s, Target, Walmart, and more. I’ll do without or just wear rags. (I’ll be in fashion somewhere). I have clothes that are 15 years old and still better than what’s out there now.

I will not shop the ‘higher’ end stores at all. Same crap. Malls are completely out!
Online sucks, period.


47 posted on 08/22/2022 9:07:48 AM PDT by TribalPrincess2U (D.I.S.T.R.A.C.T.I.O.N.S.)
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To: fwdude
"I usually try to patronize the small businesses over the big national brands in my city whenever possible."

I too am doing my best to shop locally.. Corporate food really stinks nowadays, so I like to eat at the local family owned shops..

48 posted on 08/22/2022 9:07:49 AM PDT by unread ("It's not enough that we do our best; sometimes we have to do what's required." W. Churchill.)
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To: laplata

Do you trust Biden and the bunch who control him to do what is necessary to maintain a strong dollar?

Biden/Obama, etc. are irrelevant to currency strength, just as they were when Obama was officially president instead shadow president. Currencies rise and fall against each other. The reforms put in place after the 2008 fiasco have made the US stronger than other nations financially.

I know currency collapse is your never ending wet dream but you will continue to be disappointed. How are silver and gold doing? They both made their last highs adjusted for inflation in the 80’s.


49 posted on 08/22/2022 9:15:23 AM PDT by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: Taxman

Ping


50 posted on 08/22/2022 9:28:28 AM PDT by Taxman (SAVE AMERICA!)
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Women and minorities hardest hit.


51 posted on 08/22/2022 9:51:55 AM PDT by dsrtsage ( Complexity is just simple lacking imagination)
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To: Dr. Sivana

Got a local cafeteria joint and a Mercado that we absolutely love. We do a weekly visit. Prices have gone up a bit.....

When they know your name, it is nice.


52 posted on 08/22/2022 9:55:00 AM PDT by waterhill (Resist)
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To: SaxxonWoods

“I know currency collapse is your never ending wet dream”

Why would you say that? I said it is a concern.


53 posted on 08/22/2022 9:58:45 AM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: laplata
Do you trust Biden and the bunch who control him to do what is right to maintain a strong dollar?

Nope, but it almost doesn't matter what the US does because everyone else is in far worse shape and far more dependent on external sources for survival than the US (~10% of our GDP)

54 posted on 08/22/2022 10:01:54 AM PDT by rb22982
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To: rb22982

Good point. Thanks.


55 posted on 08/22/2022 10:03:35 AM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: mikelets456

56 posted on 08/22/2022 12:02:41 PM PDT by Dick Bachert
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To: RomanSoldier19

So what happens when with the help of China we were importing deflation? Is that now over and Chinese goods are becoming more expensive. I noticed dollar stores that were charging 1.25 are now charging 1.75 here in Canada.


57 posted on 08/22/2022 12:28:56 PM PDT by Sam Gamgee
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To: SaxxonWoods

“I know currency collapse is your never ending wet dream”

You are a gutless coward by not answering my question on why you would say that.


58 posted on 08/22/2022 12:57:02 PM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: Dr. Sivana

“The ma and pa burger joints are getting utterly hammered, and the prices reflect that.”

I honestly feel for them, but I can’t and won’t pay $20 for a hamburger. The local burger/falafel joint went from $10.50 to $18.50 for burger plate. And it’s good, and it’s clean, but it ain’t $20 all-in, not as far as I’m concerned.


59 posted on 08/22/2022 5:32:25 PM PDT by Attention Surplus Disorder (Apoplectic is where we want them)
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To: Attention Surplus Disorder

$20 ain’t what it used to be. Of course, if you aren’t making more money, too, something has to give.


60 posted on 08/22/2022 6:05:07 PM PDT by Dr. Sivana (What was 35% of the Rep. Party is now 85%. And it’s too late to turn back—Mac Stipanovich )
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