A husband and wife team have work like elves for 27 years will be closing their storefront at Hollis St. on April 31st. A cash strapped university has raised their rent. When did it become the norm to replace loyalty, small business vitality with the great money grab! Hang your head in shame! —Wishing I WAS NOT —–!
This article appears in Feb 6-12, 2014.
The 31st of April? Don’t hold your breath waiting for that day to come.
A business should secure their location. Rent should be carried to the customer.
~:'(
That’s a shame OP but if the university is cash-strapped, it’s hardly a money grab or lack of loyalty. It’s just unfortunate.
A valid business plan should include enough revenue to pay the rent, yet there are often many wasteful expendentures that should not be part of a valid business plan.
Do not expect the landlord to subsidize your wasteful spending habits because you claim that you can not afford a rent payment that is consistent with the neighborhood.
Buy your Xmas stuff now at 50% off. After 27 years this would be a good time to retire from the biz and the owners probably looked at the increase in rent as their deciding factor. Rent goes up! Always up!
Consider where they were. It was damned impossible to get there without risking your life; even walking.
It’s a Christmas store. That event lasts 1 day out of 365. People eat year-long.
If you were “of-size”, you’d never fit between the aisles; even with a winter jacket, you’re bound to knock something.
A reasonable return policy that matches your competitors goes a long way instead of saying, no returns – period.
New stock. People collect things. They like to buy new things, not the tired stuff from last year, 2012, 2011, 2010, 2009…
But instead, let’s blame it on lack of local support, shall we?
I blame the Wal-Mart