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48°
Friday, may 31
Tag:
financial struggles
Business
Covid-
19: Popular CT Market To Close After Half-Century In Business
A Fairfield County staple for nearly 50 years will be forced to shut its doors due to financial hardships brought on by the COVID-19 pandemic. Owner Jim Magee of Peter’s Weston Market announced on Wednesday, Jan. 27 that the popular market, which had been struggling financially before the pandemic, will have to close its doors for good after a last-ditch fundraising effort failed. Magee said that over the last five years, sales have declined 10 percent annually, though expenses have increased. The financial struggles were then compounded by the pandemic, which limited in-store sales and hur…