In Tulsa, small businesses face significant economic challenges, with shifts in consumer behaviour and escalating costs impacting their operations. Onika Asamoa-Caesar, the owner of Fulton Street Books and Coffee, highlights that these smaller enterprises feel financial fluctuations more acutely than larger retailers. She stresses the importance of maintaining community connections despite these hurdles.
Recent trends show a decline in consumer spending, with people prioritising essential items like groceries over luxuries such as books. Asamoa-Caesar notes that books sales have dropped 20 to 30 percent since the store’s opening in 2020, reflecting this shift in consumer habits and financial priorities.
The repercussions of economic slowdowns extend beyond local businesses to national sectors like travel, where airlines are reporting reduced earnings due to lowered travel trends. This pattern is mirrored in Tulsa’s economic landscape, impacting various industries.
Fulton Street Books is adapting to the current economic climate by emphasising community engagement. Asamoa-Caesar states, “Coffee always brings people together, and books… offer people a space to think and connect.” The bookstore prioritises supporting marginalised voices, aligning with broader social and political contexts, particularly the significance of diversity, equity, and inclusion.
Asamoa-Caesar believes that the significance of small businesses extends beyond financial issues, as they serve crucial roles in uplifting underrepresented communities. She argues that, unlike larger companies withdrawing support, small businesses continue amplifying these essential voices.
Tulsa residents can bolster small businesses by shopping locally and getting involved with community-focused events. Asamoa-Caesar emphasises the critical nature of community support during difficult periods, praising the efforts of local businesses to create connections through monthly gatherings.
Looking ahead, Asamoa-Caesar holds onto optimism, noting that businesses like hers are committed to their unique missions. She asserts, “Staying true to our mission, connecting with the community, and keeping our doors open—those are the ways we’ll survive.”
Tulsa’s small businesses are facing economic strains due to shifting consumer habits and rising costs. Owner Onika Asamoa-Caesar of Fulton Street Books and Coffee highlights a notable decline in book sales and the importance of community connection. As national industries, including travel, face challenges, local businesses are urged to adapt, support diverse voices, and encourage residents to shop locally. Despite the hurdles, there remains a sense of hope for resilience and survival through community ties.
The economic uncertainty in Tulsa is profoundly affecting small businesses, compelling owners like Onika Asamoa-Caesar to adapt by enhancing community engagement and supporting marginalised voices. As consumer spending shrinks, the importance of local support becomes paramount. Despite the challenges, there is hope that resilience, community ties, and genuine connections will ensure the survival of small businesses, nurturing both social and economic vibrancy in Tulsa.
Original Source: www.news9.com
