indicates small-business concerns with input costs have eased since the height of the pandemic, but remain far above pre-pandemic levels.
The Spaniel’s Tale has seen its operating costs increase after less than a year in business. “Our rent did go up. Things like garbage pickup and insurance and building maintenance, all of [those costs] have gone up quite recently.” Kostya Polyakov, partner and Canadian national industry leader for consumer retail at consultancy KPMG, says “there’s no way of getting around that – a larger multinational will be able to probably buy at a better price than a small regional retailer just due to volume.”
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