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Holiday Spending: Small Businesses Feel Economic Pinch
Ah Louis Store in San Luis Obispo faces holiday challenges due to late shipments and increased taxes on imported goods. Co-owner Emily Butler shares the struggle to maintain profitability, focusing on more lucrative items and observing a shift in consumer behavior towards more cautious spending. The broader economic pressures are reflected in a Gallup index showing a seventeen-month low in Americans economic assessments and a significant drop in estimated gift budgets.
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Published on 1 week ago