It’s been a rough six months for owners of sports card and memorabilia businesses in Chicago, but some are confident they’ll survive.
From the mom-and-pop type sports card shop to one of the nation’s largest auction companies, 2008 was a challenge.
More unemployment, higher costs of doing business and the lack of consumer spending meant losses as deep as 75%. Even holiday sales were down. People are still collecting, but they’re not spending nearly as much.
Staying afloat has been part of the game now for a long time, with dealers hoping the new year eventually brings more business. Those who adapt by offering other products are doing better–and for those who sell the expensive stuff, the economy has actually meant some investing.
The Arlington Daily-Herald surveyed some businesses to get a glimpse of the market as a new year gets underway.