Category: What’s The Tea

Every industry is being impacted by inflated costs, but retailers appear to be getting it the worst. Retail Dive recently reported that based on recent report findings by Alignable, a referral network for small business owners, the industry is poised to lose greater than half of their firms. Per the findings, nearly half of small business owners, including 59% of outlets, shared they’re liable to shutting down before winter, a jump from 12% from the 35% that said the identical a yr ago. It looks much more troubling for minority-owned businesses (52% could possibly be shuttered by fall) and women-owned businesses (53%). It looks like those in certain parts of the country are more vulnerable to financial struggle....