Small businesses brace for more economic troubles
January 10, 2022 | Oklahoma
Laramy O’Leary’s gun shop, L&L Outdoors, has benefited from a pandemic spike in firearms sales but at the same time has suffered from reduced inventory and fewer customers, putting the business in a pinch in the new year.
His gun shop in Oklahoma is one of many small businesses, including restaurants, auto shops and health care clinics, that analysts say will struggle this year in an economy wracked by inflation, supply chain problems and excess consumer demand.
“We got a lot of new customers because there was some panic-buying going on for a while. But that’s leveled off now, and with inventory down, it looks like it’s going to be a real fight to get inventory this year,” said Mr. O’Leary, whose gun shop is in Jay, about 80 miles east of Tulsa near the Arkansas line…. (Excerpts from the Washington Times)
