Vancouver Small Businesses Struggle Despite FIFA World Cup Proximity

Marcus Wong, Economy & Markets Analyst (Toronto)
4 Min Read
⏱️ 3 min read

As the FIFA World Cup unfolds, small enterprises in Vancouver, particularly in Chinatown and the Downtown Eastside, are reporting disappointing sales figures, contradicting expectations of a boost from the global sporting event. Despite being positioned near the game-day closure areas, many local businesses are not experiencing the influx of customers they had hoped for, with some even noting a significant decline in revenue.

Local Businesses See Declining Sales

Erin Templeton, owner of a leather and vintage shop in Chinatown, highlighted the stark contrast between her business performance in May and June. “May was our best month ever,” Templeton stated, “but since June 1, I have seen almost no customers.” She had anticipated the World Cup would bring in more foot traffic, especially given the disappointing outcomes of previous large events like the Olympics. “I didn’t expect it to be good; I thought it was going to be bad, because the Olympics were bad,” she reflected. “But I didn’t foresee such a drastic drop. Summer is crucial for us.”

The ongoing struggle to attract customers during the winter months compounded her disappointment.

Restaurant Owners Share Concerns

Tannis Ling, who manages the Bao Bei restaurant on Keefer Street, echoed Templeton’s sentiments, reporting a staggering 30% decline in business compared to the same period last year. “We thought Keefer Street would be a prime location to draw in people, especially with all the street closures,” Ling explained. However, the reality has been quite different. “It seems the foot traffic is being directed downtown, leaving Chinatown quiet. My manager noted that on game day, it felt like a ghost town.”

Ling and her team had hoped that the World Cup would provide a much-needed boost, particularly after six challenging years of fluctuating sales.

Comedy Venue Faces Direct Competition

The Underground Comedy Club is also feeling the pinch, with revenues plummeting by over 30% during FIFA’s opening weekend. Owner Jon Gagnon reported staggering ticket sales down by 70% for the upcoming weekend. “We were optimistic that locals would still come out to support us,” he lamented, “but it hasn’t materialised.” Gagnon identified FIFA as direct competition for entertainment dollars, noting, “The demographic for live comedy overlaps significantly with that of sports fans. When they have such a massive event, we’re up against a Goliath.”

The club’s struggle underscores the challenges smaller venues face when competing with larger events that benefit from extensive marketing and resources.

Community Solidarity Amidst Challenges

In the face of these challenges, local businesses are united in their message: they are open and accessible, despite the FIFA road closures. Many shop owners and restaurateurs are urging the community to support them during this critical time.

Why it Matters

The struggles of Vancouver’s small businesses during the FIFA World Cup highlight the broader implications of major events on local economies. While large-scale sporting events typically promise to invigorate nearby commerce, the experiences of these local establishments reveal a more complex reality. As they grapple with unexpected downturns, the resilience of these businesses will be tested, and their ongoing survival may depend on community support in the face of overwhelming competition.

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