These businesses welcome the recession
Summary: Crain's New York Business published this article on April 13, 2008, and the EveryBlock system found it to be geographically relevant to Jamaica in New York. Below, you can read the article excerpt that mentions the given location and follow the link to read the full article.
News article details
To be sure, if the recession is deep, even the winners' gains could be wiped out. Customers who opt for supermarkets over restaurants could start trading down within those grocery stores. A $30 bottle of olive oil could turn into a $10 one. Already, stores in neighborhoods such as Jamaica, Queens, which have been hard hit by foreclosures, are feeling a pinch. Sales at World Wide 99-Cent on Jamaica Avenue have been sliced in half since January, says owner Debbie Lachman. And rising rents and operating costs could offset any gains. Read the full article at the original source (Crain's New York Business)…
| Location | Jamaica |
|---|---|
| Publication date | April 13, 2008 |
| Source | Crain's New York Business |
Added to EveryBlock on April 13, 2008.