An impending recession has consumers looking at curbing their expenditures, just as local business owners are fighting to stay afloat
After two and a half years of the craziest pandemic rollercoaster and restrictions, this is the first time Christmas markets and events are finally happening, bringing some much-needed cheer in the air. However, we have a new Grinch in town, an impending recession.Sign up to receive daily headline news from Ottawa Citizen, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
As a retailer myself, this time of the year is exciting — our shelves usually get packed with products and we start overstaffing our sales floor. However, supply chain issues, increasing product costs, labour shortages, and slower consumer spending, are enough to shake the optimism. This is a good reminder for corporate gift purchases. Think of local small businesses. While it’s easier and more convenient to make an LCBO run and purchase bottles of wine for gifting or Starbucks gift certificates, I challenge you to look at other options that will help a local business weather the storm.Article content
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