Sunday, December 12, 2010

Scary News for Small Businesses in NY

The reason why small businesses in NY can do better than other small business might be because they are not many Wal-Mart in New York. Wal-Mart tried to open store in New York already but they have failed.
Now it is back, and mounting an aggressive campaign to crack the country’s largest urban market. Wal-Mart is looking at properties in each of the five boroughs and has hired Mayor Michael R. Bloomberg’s former campaign manager, Bradley Tusk, to help coordinate its lobbying efforts.
They are desperate to open stores in Queens and Staten Island and since people are crowded in New York, they are going to make hell of a money if they success in this campaign. However, if they open, many sole proprietor will suffer and end up closing their store, because they cannot compete with Wal-Mart's low price.

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