RESTOCK: Carlos Martins, manager of Formula One Boutique in Woodbridge, says loyal customers are still spending at his sport collectibles store. A tough economy has people spending on hobbies and entertainment close to home rather than on vacations, one economist says. (Philip Alves/Vaughan Today)
Carlos Martins has been selling Formula One racing collectibles for 13 years.
While the economic slump has forced closures of many small businesses, Formula One Boutique is one niche-driven store that seems to be flourishing.
“We have a lot of regulars, a lot of loyal customers,” said Martins, who has managed the Woodbridge location since 2002. “They’ve stuck with us, unfortunately not spending as much as they have in the past, but they are still spending and it’s keeping us going.” (more)
Hankering for a new bathroom but the recession has you hugging your wallet a little tighter these days? If you are, you’re not alone and the federal government knows it. (more)
