Woodstock Wine & Deli celebrated 40 years in business on December 6. As he’s done in the past, owner Gregg Fujino held another “Anniversary Celebration” for customers and supporters that afternoon.
Think about it: How many independent Inner Southeast Portland retail businesses can you think of that opened only a decade ago that are still in business? There certainly have been successful long-term businesses here, and some of them advertise in THE BEE. But every year relatively new businesses close, and are replaced with even newer businesses.
Based on regional business longevity statistics, the survival rate for any retail business continue for 40 years is extremely low – in the single digits – in the face of economic cycles, technological shifts, and changes in consumer preferences and behavior…