Monday, May 20 2013 9:30 AM EDT2013-05-20 13:30:40 GMT
By PAMELA SAMPSON AP Business Writer BANGKOK (AP) - The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, andMore >>
The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China. Benchmark crude for June delivery was down 55 cents to $95.47 a barrel, but gas in East Albany was $3.42 this morning....More >>
Monday, May 20 2013 9:03 AM EDT2013-05-20 13:03:02 GMT
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana. Deputies responded to a complaint at Jose Sanchez's house on Highway 129 North Friday. AuthoritiesMore >>
A Lowndes County man is behind bars after deputies uncovered nearly half a million dollars of marijuana.
Monday, May 20 2013 7:22 AM EDT2013-05-20 11:22:08 GMT
When times are tough, small businesses usually take the hardest hit but when things start looking up, they're often the quickest to recover. That's exactly what the Albany Chamber of Commerce says they'veMore >>
The Albany Chamber of Commerce is using a series of Lunch and Learns during National Small Business Appreciation week to make it easier for small businesses to bounce back, by encouraging all to participate and gather the right tools.More >>
A South Georgia girl is asking the community for help to provide scholarships for college-bound young women. In February, Madison Daughtry was named the Distinguished Young Woman of Leesburg for theMore >>
In February, Madison Daughtry was named the Distinguish Young Woman of Leesburg for the Class of 2014.More >>
Sunday, May 19 2013 6:16 PM EDT2013-05-19 22:16:35 GMT
The Tift County Sheriff's investigators are still searching for clues to find a missing pregnant woman. Her mother is making a plea to find her daughter who hasn't been seen in more than two months. DianeMore >>
The Tift County Sheriff's investigators are still searching for clues to find Crystal Hendrix. Her mother is making a plea to find her daughter who hasn't been seen in more than two months.More >>
May 29, 2003
Albany - Store owners are hurting for customers. Businesses are still holding out hope for the economy to turn around.
Store owners admit they are seeing fewer people come through the door. Many point fingers at the attack on America and Operation Iraqi Freedom. We decided to compare months prior to September 11th until now to see how retail sales are doing in southwest Georgia.
Business is tough these days. Store owner, Bruce Bitterman, explains, "We see less people, less traffic. It's not what it once was."
Bitterman owns Friedman's Clothing store in Albany. His business is different from pharmacies, restaurants and grocery stores. He says, "You have to wear clothes, but you can wear other clothes."
Meaning Bitterman has to work harder to entice customers. He has added sales, specialty items and recently started tuxedo rentals. After all, weddings and proms are a continuous revenue. He explains, "You always need to think of different ways and different items and services, whatever to increase your bottom line. So, that is another way to do it."
We compared the months of January to April, which reflects consumer spending in Dougherty County from November to February. Here's what we found. Early 2001, before 9/11, to the beginning of 2002, retail sales tax distributions had a significant decrease of 6.74 percent. From 2002 to April this year, sales tax collections got a little better with a decrease of .65 percent. But, you can't ignore the fact that retail sales have dropped more than seven percent over the past two years.
Bitterman wasn't surprised at the numbers. He would like customers to spend money in their hometown to help the local economy. But until then, Bitterman, says, "We're here to stay, we're going forward. We just keep working harder to get better."
We also spoke to a few "recession proof" store owners, like pharmacists, who say they are stable year-round.