Quote:
Originally Posted by nfotiu
I have a really hard time seeing that. Big box stores and sit down chain restaurants have closed at a very high rate since the 2008 market collapse.
Smaller restaurants and shops are thriving these days around here anyway. I think 95% my spending money either goes to Amazon or locally owned businesses. If you're a small business who sells something that is easy to get on Amazon, and there is no opportunity to add value then, yeah, that's not going to be a good business to be in anymore. But around here, I see far more good and interesting small businesses being run successfully than I did 15 years ago when suburbs were all chains and big boxes.
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Well around here in Vancouver the cost of a space alone for a small business is astronomical. Almost unfathomable. By around here I’m assuming you’re meaning somewhere in Virginia? I’m only speaking to what I’m seeing personally so it’s interesting to see a different perspective. Regardless I think covid has affected small business here almost innumerably in comparison to the big giants. I mean for a long time online ordering was really the main option and small business really don’t have the same robust e-commerce systems in place that the giants have. So with small business now coming back the last year from what 2020 presented bad reviews are almost a dire receipt to any small business that is trying to catch their footing where as the big guys seemingly reported record quarters and years amidst the pandemic.
Again though with me bringing covid into the discussion as a factor against small business it’s a different playing field in Canada where we have been clearly much more strict than the US with our handling of the pandemic. Almost 90 percent double vaccination versus not quite 60 percent in America is a large gap and it would be interesting to really dig into the numbers for small business performance in states that have been more relaxed on their Covid 19 rules versus states who’ve enforced more strict guidelines.