Small businesses are still struggling: 'I have yet to bring home a single dollar'

Published On Nov 22, 2024, 6:08 AM

Small businesses are continuing to face significant challenges, struggling with lower sales, rising costs, staffing shortages, and high interest rates. Despite some notable successes, like being recognized by National Geographic, businesses like KOSA Ayurvedic Spa report not turning a profit. The National Federation of Independent Business notes that many business owners are increasing prices but witnessing declines in sales, leading to serious concerns about their survival. This situation suggests a delicate balance for small businesses, which are still recovering from pandemic impacts and navigating inflationary pressures.

Read full article

Stock Forecasts

AI prediction results, not representative of any investment advice.

XRT View XRT chart on TradingView

Negative

The struggles of small businesses signal broader economic challenges which could negatively affect consumer sentiment and spending. Companies that are heavily reliant on consumer discretionary spending may see their performance wane as economic pressures persist. Investors may find opportunities in larger retailers or ETFs that focus on consumer goods, whereas investments in small business sectors may face volatility.

Related News

Retail sales fell in October as Budget fears hit spending

Nov 22, 2024, 2:25 AM

Sales volumes fell by more than expected in October with clothing stores having a "notably poor" month.

XRT

How Trump’s proposed tariffs could affect the cost of jeans, appliances, and everyday items

Nov 14, 2024, 3:22 PM

Inflation is moderating, but economists expect that trend could reverse quickly if Donald Trump follows through with a proposal to impose 10%-20% tariffs on all imports and a 60% tariff on Chinese goods.

TGT

WHR

XRT

US retail closures hit highest level since pandemic

Nov 13, 2024, 7:00 AM

Estimates from Coresight Research highlight how retail closures reached the highest level since the COVID-19 pandemic. Retailers announced 6,481 store closures since Nov. 8.

XRT