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Business

Small Businesses Are Facing ‘Summer Of Uncertainty’

NEW YORK — Small businesses that depend on outdoor crowds and free-spending tourists aren’t sure what to expect this summer. Consumers likely have a lot of pent-up demand after more than two years of the pandemic. But they’re also facing some significant financial headwinds because of ...

Steve Swanson Joins CCB

Steve Swanson has joined Cattaraugus County Bank as senior vice president, commercial lending team leader. Swanson will be responsible for growing CCB’s commercial loan portfolio as the leader of the commercial lending team. “I am thrilled to have the opportunity to lead a great team ...

Retail Sales Slip .3% As Inflation Surges

NEW YORK — Americans trimmed their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is causing them to be more cautious about buying discretionary items. U.S. retail sales slipped 0.3% last month, down from a revised ...

Package Sizes Are Indeed Smaller

It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide. In the U.S., a small box of Kleenex now ...

Fall Opening Planned For New Restaurant

LAKEWOOD — The former Ruby Tuesdays location at the Chautauqua Mall in Lakewood will open as Buddy Brewster’s Ale House. In a message posted to Facebook, Professional Hospitality Restaurant Group said the business should open in the fall. It also will include outdoor ...

Facing Huge Inventory, Target Cuts Vendor Orders, Prices

NEW YORK — Target is canceling orders from suppliers, particularly for home goods and clothing, and it’s slashing prices further to clear out amassed inventory ahead of the critical fall and holiday shopping seasons. The actions, announced Tuesday, come after a pronounced spending shift ...