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September 14, 2008

High gas prices are a plus for local retailers

High gas prices have meant more business for small, local retailers, Lansing State Journal reported. Consumers are opting to shop close to home, rather than make a trek to far-flung big boxes. "Because of the cost of gas, they're thinking now that, 'OK, I may save a couple of dollars, but I'm spending a lot more than that in fuel costs.' So, they are making the decision to stay closer to home," said Jim Cicorelli, owner of Frank's Food Mart stores in Charlotte and Potterville, Mich.

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