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Tail-Wags Helmet Covers Blog — Economy

Bigger Is Not Always Better

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Restaurant takeovers are occurring fast and furiously. Here are two examples: Cara Operations (owner of Swiss Chalet and Harvey’s) bought Prime Restaurants (owner of Casey’s and East Side Mario’s). MTY Food Group recently acquired the Mr. Sub sandwich chain. In summary, the large restaurant chains are taking a greater share of the business away from independents. At the same time, the big chains are getting bigger through acquisitions and further growth. Why should this concern you? Do you really want to have fewer and fewer choices of places to eat? My experience typically shows that when a restaurant is taken...

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Small Businesses Are Feeling The Pinch

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Walking along the main street of Kingston, Ontario, I was struck by the number of “For Lease” and “For Rent” stores. This is nothing new these days. It’s the same in Toronto, one of the largest cities in Canada and this scenario is playing out across North America. But what was most telling about this situation is every one of the empty retail stores used to be occupied by small business owners. What is left are the big name, big box stores interspersed with vacancies. Shoppers Drug Mart, Canada’s largest pharmacy, has a brand new location that spans half of...

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