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SCOTTSDALE, AZ (3TV/CBS 5) – Inflation affects everyone, from consumers to small businesses. Making it more difficult is that the Valley has some of the highest inflation, according to the Bureau of Labor Statistics.

Inflation is so high that one Scottsdale toy and bookstore is choosing to close its doors for good. “This has been a labor of love from the beginning,” said Kate Tanner, owner of Kidstop Toys & Books in Scottsdale. Tanner knows that being a mom and pop shop is never easy. “For the past few years, we’ve all been trying to learn how to deal with the Covid in our faces,” he said.

After 24 years in business, they survived the recession and the pandemic. “Kidstop has been on the market for quite a few months and we’ve come close, but when interest rates go up and things happen, I totally understand why someone would be hesitant to get into it.”

So come next year, the store that has put a smile on so many kids’ faces over the years will be closing. Tanner struggled with rising rent and was hit hard by inflation. “The rental price was shocking,” Tanner said. “As a small business owner facing growth, shipping costs, I just saw on one of my invoices that if it’s not paid on time, my shipping penalty is over $3,000. Prices are going up faster than I want to pass on to customers.”

Last week, Tanner posted a sign outside the store saying it would soon be closing. “It’s pretty scary to announce you’re closing up shop,” he said.

But even scarier, she says, is knowing she’s not the only small business owner facing tough times and difficult decisions. “People need a community environment. We’re the ones donating to your clubs, the banquets at school,” Tanner said.



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