Showing posts with label Good Old Lower East Side. Show all posts
Showing posts with label Good Old Lower East Side. Show all posts

Tuesday, March 24, 2009

Report: During the recession, candy sales are up! (Next trends piece: We're getting fatter and our teeth are rotting)


The inevitable trends story today from the Times.

The recession seems to have a sweet tooth. As unemployment has risen and 401(k)’s have shrunk, Americans, particularly adults, have been consuming growing volumes of candy, from Mary Janes and Tootsie Rolls to Gummy Bears and cheap chocolates, say candy makers, store owners and industry experts.

Theories vary on exactly why. For many, sugar lifts spirits dragged low by the languishing economy. For others, candy also provides a nostalgic reminder of better times. And not insignificantly, it is relatively cheap.

People may indulge themselves a little bit more when times are tough,” said Jack P. Russo, an analyst with the Edward Jones retail brokerage in St. Louis. “These are low-cost items that people can afford pretty easily.”


All this means business has been brisk at Economy Candy. Anyway, has the Times already done the piece on people drinking more during the recession and eating lunch from sidewalk vendors?

Thursday, February 12, 2009

LES survey: "Small businesses are constantly facing the possibility of rent increases or eviction"


This week's issue of The Villager reports on the results of the Good Old Lower East Side survey titled, “No Go for Local Business: The Decline of the Lower East Side’s Small Business Identity.”

It's about as grim as you'd expect:

The survey found that small businesses are constantly facing the possibility of rent increases or eviction. Almost half of small business owners reported that their overhead costs were rising. Nearly one-third identified rising commercial property rents as their “greatest challenge,” and three-fourths said that their profits are not growing at a sustainable rate compared to the substantial increase in the cost of doing business on the Lower East Side.

Ninety-five percent of small business owners surveyed rent their store space, and nearly half of them hold leases of five years or less.

Redevelopment and gentrification of the Lower East Side were cited by 46 percent of business owners as directly affecting their businesses.