Wednesday, April 24, 2024

City blues


Share post:

The perfect financial storm is ripping the heart out of Bridgetown by destroying businesses and displacing workers, says a leading merchant.
Eddie Abed, managing director of Abed’s on Swan Street, forecast that by the end of next month, another seven to ten operations in The City will be downsizing with up to 50 workers losing their jobs.
“The outlook in the short to medium term in terms of retail in Bridgetown in particular is not good,” said Abed, who is also a member of the Barbados Chamber of Commerce and Industry’s (BCCI)?Bridgetown Revitalization Committee.
“We have a triple whammy,” he added. “One, the tourist winter season was not particularly good this year. Two, Government has been moving several of its offices in Bridgetown and its environs out and the catchment area has been reduced. And three, disposable income generally across the board is down. I don’t want to say that this is the perfect storm, but you have the makings of that situation.”

Previous article
Next article


Please enter your comment!
Please enter your name here

Related articles

Port of Spain General Hospital NICU baby death toll jumps to 18

Port of Spain - Two weeks after the North West Regional Health Authority (NWRHA) announced that seven babies...

Sir David’s defence

Sir David Simmons, chairman of the Law Reform Commission, took on critics of the contentious Cybercrime Bill on...

Prescod: Don’t pay Drax a cent

Government would be wrong to pay the controversial Drax family $8 million to acquire the St George estate’s...

Fashion designer Nancy Gonzalez jailed for smuggling crocodile handbags into US

A celebrity handbag designer whose products have been used by Britney Spears and on Sex And The City...