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Brutal winter bruises the local economy

The relentless cold and snow has had a big impact on small businesses, including those in Philadelphia.

At London Grill, a restaurant in the Fairmount section of Philadelphia, revenue is down 10 percent more than in the usual January slump, said Terry Berch McNally, a co-owner. But weather can also be fickle: On Thursday, just as Ms. McNally was fretting about whether her Valentine’s Day bookings would fall through, the afternoon brought twice as many drinkers as usual because local employers had closed early.

When weather strikes repeatedly, losses can build up. Valentine’s Day was blissfully sunny, putting an end to the immediate worries of both Ms. McNally, who got a flurry of last-minute reservations, and Susan McKee, at Old City Flowers in Philadelphia.

Thankfully, Ms. McKee said, the biggest day of the year for florists would not be a bust. But her revenue for 2014 is down about half from what it would usually be. Inventory has been hard to get because of grounded planes. Walk-in sales have been slow.

“It’s crushing me,” she said on Thursday, when Philly was blanketed by snow and ice. “I have thousands of dollars invested in perishable gorgeous flowers that I can’t get anywhere. I have three trucks parked outside the store, and I can’t move the trucks. This day is lost. There was no revenue today.”


Orginal source: The New York Times
Read the complete story here.

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