Labor Day Is Good For Business

Holiday puts consumers in end-of-summer buying mode



 

STATEN ISLAND, N.Y. – More than just a Monday highlighted on the calendar, the Labor Day holiday has evolved to span the entire three-day weekend when crowds seek not only retail sales but also recreation and entertaining diversions. 


In short, Labor Day is good for business.


Victory State Bank, Staten Island's only community-based business bank, observes that good weather, lower gasoline prices and the psychological end of summer stir the mindset that makes this holiday a benchmark.


The bank is mindful, too, that the Labor Day frenzy can have an impact on workers and their families. The bright side is that certain employees are in demand during the holiday, and this means jobs.


Labor Day also is a holiday when Staten Islanders plan for the fall season and last-chance home-and-garden chores ahead of the cold weather.

Moreover, back-to-school momentum continues to drive sales.

Some may head for an off-Island escape as a final vacation opportunity, but the tendency now is to focus once more on the family and home.

As a further impetus to business activity, gasoline for shopping trips and family visits is lower than in recent past years. The Association for Convenience & Fuel Retailing is reporting that the average pre-Labor Day retail price for gasoline is the lowest since 2010.


Just a reminder: Labor Day is a banking holiday, and Victory State Bank will be closed in observance. However all branches will be open tomorrow (Friday). On Saturday, only the Great Kills and Bay Street branches will be open with hours from 9 a,m. to noon.

For branch locations and hours, go to the Information Center tab at www.victorystatebank.com.

 

 


About Victory State Bank

VSB Bancorp, Inc. (OTCQB: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank.  For additional information, Victory State Bank may be reached at 718-979-1100 or visited online www.VictoryStateBank.com.

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