Opening any sort of business is a risk especially in retail where the competition is stiff; couple that with a tough economy and you instinctively cringe because the outlook for success seems like an uphill battle. However, this is not always the case.
Manhattan has always been the home of independent retail and is considered somewhat of a tradition in certain neighborhoods like the Lower East side and Chelsea, and believe it or not, many smaller retailers appear to be thriving despite the current recession.
According to the New York Times, there are two upsides to the current economic climate with regard to retail and small business: 1) Rents are 20 to 40 percent lower than a year ago and 2) Landlords are more flexible, which is an advantage to any budding entrepreneur.
We took all of this into account when planning our business but we also had a clear vision, which is to ultimately become a useful brand, or entity in the lives of those living, breathing and working in the surrounding community. We conduct our business on the ethos that quality products + fantastic prices + great customer service = retail success.
Timing and persistence are surely additional elements significant to a thriving business and we like to believe we have all of these on our side. If you don’t believe us, just take a listen to what our customers have to say:
Manhattan has always been the home of independent retail and is considered somewhat of a tradition in certain neighborhoods like the Lower East side and Chelsea, and believe it or not, many smaller retailers appear to be thriving despite the current recession.
According to the New York Times, there are two upsides to the current economic climate with regard to retail and small business: 1) Rents are 20 to 40 percent lower than a year ago and 2) Landlords are more flexible, which is an advantage to any budding entrepreneur.
We took all of this into account when planning our business but we also had a clear vision, which is to ultimately become a useful brand, or entity in the lives of those living, breathing and working in the surrounding community. We conduct our business on the ethos that quality products + fantastic prices + great customer service = retail success.
Timing and persistence are surely additional elements significant to a thriving business and we like to believe we have all of these on our side. If you don’t believe us, just take a listen to what our customers have to say:
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