The summer of 2022 isn’t shaping up as a particularly good one for most small businesses, particularly retail.Nearly half (47%) of small business owners said their businesses are in jeopardy of closing by the fall, according to a survey by Alignable, the largest online referral network for small businesses. The figure is up 12% from last summer, when 35% of businesses said they were on the brink. The poll was conducted among 4,392 small business owners in June and July.
The risk of shutting down is particularly intense in retail, where 59% of small businesses said they are in danger of shutting down. It’s also high in restaurants, at 50%. ...
RSK: Not a good sign. I do know that in tourist areas, the retail is good as are the restaurants...especially in Door County.
Ken Notes: This is not good, we lost most of our small dairy operations in Wisconsin and I predict we will regret it. When Walmart challenged downtown`s it was difficult for some, only those that got creative survived. Now Amazon and others will challenge us once again...
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- - Volume: 10 - WEEK: 32 Date: 8/2/2022 9:23:46 AM -