going out of business after being established 140 years ago and they’re calling that failure. some people just can’t pat themselves on the back huh
To be fair, they probably inherited the place and got to be the lucky person it closed down under, which probably doesn’t feel great.
At least, it’d raise some eyebrows if its had the same owner since 1883.
Sometimes it’s a little more complicated than failing to adapt.
Sometimes there are challenges that happen that small business owners just can’t overcome. Things like the price of the rent for the commercial space that goes up 200% because it became a prime location. People stop shopping at a small shop because the prices are a bit higher than mega stores like Walmart who can afford to have smaller profits on sales due to the amount they sell or even Amazon.
Next thing you know, these small shops that support your local neighborhood and pay the local taxes disappear and the big mega corporations, who are registered in tax havens and pay minimum taxes, take their place because they can afford it.
There was a furniture store a couple of blocks away from a place where we used to rent an apartment. We lived there for 8 years and a going out of business sign was up the entire time.
