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'Toughest quarter yet:' Eagleville shop reflects challenges facing small businesses
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business13h ago

'Toughest quarter yet:' Eagleville shop reflects challenges facing small businesses

  • Eagleville Mercantile and Restoration reports its toughest quarter yet with revenue decline and vendor losses.
  • Bank of America data shows small business profitability at a two-year low, affecting local shops.
  • Owners Jeanna and Michael Loyd opened Eagleville Mercantile in 2020, turning an old florist shop into vendor space.
  • Three vendors left the shop in the first quarter, contributing to revenue drop.
  • Shop owners cite fuel prices and global factors as broader pressures on small businesses.
  • The shop provided space to vendors after Painted Tree closed abruptly, helping sustain local sellers.
  • Despite challenges, owners urge shoppers to support local businesses to keep Tennessee families afloat.
  • The local business emphasizes the community's role in sustaining small shops during tough times.
  • The story notes the shop's role in helping vendors continue selling after other closures.
  • The feature at NewsChannel 5 includes editorial verification for fairness and accuracy.
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