Small business owners hope economic uncertainty doesn't slow spending this holiday season

  • 📰 FOX4
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Consumers spent an estimated $23 billion at small businesses and restaurants on what is known as Small Business Saturday in 2021, and the Small Business Administration is hoping for a repeat performance this Saturday.

could temper consumer spending and rising interest rates makes borrowing money on credit cards or through loans and mortgages more expensive for everyone.

"Right now business is good, but how much longer is that going to last?" he said. "We can hope it'll last for a long time, but there's so much uncertainty now. We could have a recession sometime in the next couple of quarters." Consumers we talked to at Djomo's bakery plan to support him and other businesses as much as possible.

"I'm so glad that we found it and I think we're going to be coming here for the croissants," said customer Judith Alvarenga.The hope is it's enough to keep the doors open in the coming year.Davis says everybody should be prepared for some fairly sudden changes in the economy in the coming months.Trending

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 289. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Home Decor Deals for Black Friday and Small Business Saturday Around DC - WashingtonianAnyone need some last-minute finds to spruce up your home for the holidays? These DC-area home decor stores are offering holiday sales for Black Friday and Small Business Saturday—on November 25 and 26, respectively. Joybird 1328 14th St. NW The Logan Circle showroom will offer 40- to 45-percent off its items on Black Friday, when
Source: washingtonian - 🏆 74. / 68 Read more »

Small Business Saturday deals: Rebate available for shopping in Rogers ParkSmall Business Saturday deals will be available in Rogers Park and shoppers can get money back, depending on how much you spend.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Texas companies prepare for 'Small Business Saturday' - KRLD NewsSmall businesses in Texas are hoping shoppers will look beyond major retailers for 'Black Friday.' 'Small Business Saturday' was launched by American Express 13 years ago; the Small Business Administration now urges people to visit locally owned shops and restaurants the Saturday after Thanksgiving.
Source: KRLD - 🏆 75. / 68 Read more »

What is Small Business Saturday? The annual post-Thanksgiving push for consumers to buy from small businessesBig retailers often have the spotlight when it comes to holiday shopping, but Small Business Saturday, which happens on the Saturday after Thanksgiving, gives small businesses some time in the spotlight. Here's what you should know about the annual shopping event. Buy from them now before amazon crushes them.
Source: fox7austin - 🏆 594. / 51 Read more »

3 Easy Ways to Boost Your Small Business SEO (Without Expert Help) | HackerNoonHere are 3 powerful tips to help you improve the SEO of your business. - by syedbalkhi seotips seo
Source: hackernoon - 🏆 532. / 51 Read more »

How small-business owners can handle poor performers at workFor small-business owners, poor performers can be a drag on the bottom line. Here's how to help them improve. In partnership with IndeedBusiness.
Source: BusinessInsider - 🏆 729. / 51 Read more »