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....
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