Ting's Gift Shop announced it's closing after 66 years in business.
The family-run novelty shop, which is situated at the corner of Doyers and Pell streets and distinguished by its vibrant red exterior and abundant merchandise, was a time capsule of goods, offering everything from porcelain soup spoons and pajamas to jewelry and ornate figurines.
From 2019 to 2021, economic decline compounded by the effects of the COVID-19 pandemic left Manhattan's Chinatown with a 26% decrease in jobs, 12% more than the New York City average.Neighborhood activists and entrepreneurs say the years since severe pandemic hardships haven't eased the stress on the community.
A cultural hub for Chinese cuisine, retail and immigrant history, the bustling streets of Chinatown have been a flagship of the city for decades. "So that makes succession planning particularly difficult because that means that the next generation may not have the desire, or it doesn't make sense for them, to go on and take on the business," Lee said.
Before Lum took on the business eight years ago, she said Wing on Wo & Co. was planning to sell the building."My family's situation at that time allowed me to understand that letting go of the shop actually would contribute to a larger political context in Chinatown around gentrification, displacement and the acceleration of longtime businesses shuttering and long-time residents being displaced," Lum said.
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