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Local Business Bronx Times March 12, 2024

Small Storefronts, Big Stakes: How Bronx Retailers Weathered a Hard Year

Family owned shops along Fordham Road describe rising rents, thin margins, and the neighborhood loyalty that keeps their doors open.

By Maria Torres

Residents walking past small local storefronts on a Bronx street

On a bright weekday afternoon along Fordham Road, the sidewalk moves at the pace of the people who live here. Owners prop open their doors, greet regulars by name, and quietly count receipts that no longer stretch as far as they once did.

Interviews with fourteen small retailers revealed a consistent pattern: revenue has largely recovered, but operating costs have not settled. Rent renewals, insurance premiums, and wholesale prices climbed faster than the prices owners felt comfortable passing along to their customers.

What holds many of these businesses together is not a subsidy or a program. It is proximity. Owners described customers who shop locally on purpose, who ask after their families, and who return even when a chain store a few blocks away advertises a lower price.

Advocates say the next step is clearer information. Many owners were unaware of city assistance they qualified for, and several said the application language was harder to navigate than the paperwork itself.

“Helping people access trustworthy information so they can make informed decisions.”

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