Small business owners feel pinch of tough economic times - WMC Action News 5 - Memphis, Tennessee

Reported by Justin Hanson

Small business owners feel pinch of tough economic times

TIPTON COUNTY, TN (WMC-TV) - The Economic Crisis is taking a toll on Wall Street, but what about smaller towns? How are they coping with the market meltdown?

At Haddad's Department store in Mason, business is good. 

"We've added a new section of about 8,800 square feet. We're expanding all three departments. Clothing, furniture, and hardware about 30 percent each," business owner David Haddad said Tuesday.

According to Haddad, business is up nine percent over last year, and customers keep coming in.

"I'm not going to stop buying just because the TV or Wall Street says its bad. Business has been good," Haddad said.

At City Service Station, owner Karl Collins said his business is the worst he has ever seen it.

According to Collins, prices are higher than normal because he has to rely on the middleman.

"I just have to pass the price onto the customer, and sometimes that means 10 to 15 cents difference in price," Collins said.

Small town business owners like Collins and Haddad say it's their personal service that is going to keep their businesses alive.

Despite tough economic times, business owners said they plan to try and stick it out as long as they can, and they are not going down without a fight.


Click here to e-mail Justin Hanson.

  • Trending StoriesTrending StoriesMore>>

  • Thousands troll Cracker Barrel after IN woman's termination

    Thousands troll Cracker Barrel after IN woman's termination

    Thursday, March 23 2017 6:38 PM EDT2017-03-23 22:38:44 GMT
    So far, Cracker Barrel has not responded to requests for comment. (Source: Eli Christman on flickr.com)So far, Cracker Barrel has not responded to requests for comment. (Source: Eli Christman on flickr.com)

    Why did Cracker Barrel fire Brad's wife? It's really no one's business, other than Brad's and his wife's, but that hasn't stopped people around the world from demanding answers after a Harrison County, IN, man publicly asked the restaurant chain why his wife Nanette was let go from her job at the Cracker Barrel in Corydon.

    More >>

    Why did Cracker Barrel fire Brad's wife? It's really no one's business, other than Brad's and his wife's, but that hasn't stopped people around the world from demanding answers after a Harrison County, IN, man publicly asked the restaurant chain why his wife Nanette was let go from her job at the Cracker Barrel in Corydon.

    More >>
Powered by Frankly