The newspaper business is not alone in their financial woes as the economy heads south; small businesses are experiencing a drop in revenue as consumers hold onto their dollars. As the United States dollar continues its devaluation, prices rise as wages remain stagnate, which causes many to make adjustments to their spending habits.
Case in point; the San Dimas Valero gas station has experienced a drop in business, according to the owner. Many of the regular customers that had simple work preformed on their cars, such as oil and filter changes, are doing it themselves. Just two months ago, the stalls of the garage at the gas station were overflowing with cars in need of repairs, with only a few cars waiting for service today.
The San Dimas Cast & Cleaver Restaurant has seen such a large drop in income they have resorted to bringing in live bands, to increase alcohol sales as a way of compenstaing for their loss of revenue, on weekends.
A friend working at the West Covina Romano’s Macaroni Grill was given a two-week notice last Saturday, because the restaurant will be closing their doors. My friend also added that nineteen other of the chains restaurants would be ending business within two weeks.
Yet we are given information from our government leaders that we are not in a recession, certainly looks like a recession to me, but what do I know?
Posts
3 comments:
Not much.... obviously!
Ed,
This is a STORY! Pass it on to the writers on the business pages... or have they all taken the buyout?
Well, it is. And it has been for a long time.
Too bad about Macaroni Grill. I really like that place. On the other hand, places like Soup Plantation seem to be doing well.
Post a Comment