Bakersfield businesses like ‘Simply Me Baby Me’ and ‘Sugar Daddy’s Women’s Boutique’ are closing due to economic pressures and inflation. Owner Ryan Goldberg cites competition from online shopping and changing spending habits, while CSUB Economics Professor Dr. Aaron Hegde highlights tight credit conditions as a nationwide trend affecting small businesses.
In Bakersfield, California, economic challenges are forcing local businesses to close, while some others continue to open. Stores like ‘Simply Me Baby Me’ and ‘Sugar Daddy’s Women’s Boutique’ are struggling due to inflation and fierce competition from online retailers. Ryan Goldberg, owner of Simply Me Baby Me, highlights shifting consumer habits as a significant hurdle in maintaining her business’s viability.
The current economic climate in Kern County, along with a nationwide trend, poses major obstacles for small businesses. Tight credit conditions and changing consumer spending habits are exacerbated by rising vendor prices, making it increasingly difficult for local enterprises to thrive. As inflation rises, many businesses face the choice of adapting or shutting their doors.
In conclusion, the economic turbulence is impacting Bakersfield’s local businesses significantly. As inflation and competition from online shopping rise, some local shops are unable to sustain their operations, with both Ryan Goldberg and representatives from Sugar Daddy’s articulating the struggle to keep pace with the shifting environment. The survival of these businesses now hinges on consumer support during these challenging times.
Original Source: www.turnto23.com
