Small Retail

small Retail - restaurants and shops

getting killed by

  • Big Retail

  • E Commerce (it's harder to offer something "unique" when you're competing with every other small retailer in the world)

resulting in eliminating the Middle Class?

counter - will the end of Cheap Oil rescue them?

big costs (in NYC):

  • Real Estate (might even have to sign a "good guy clause" making you personally responsible for months of rent even if you close up shop and declare corporate Bankruptcy)

  • labor, esp for trustable manager if you don't want to personally be onsite every hour the place is open

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