Shoppers vote with their wallets and they overwhelmingly support small businesses operated by their neighbors and friends. Some 79% agreed that small businesses are essential to their communities.is a moment for all of us to show small businesses how much they matter to us and to help bolster local economies,” said Brett Sussman, vice president and head of sales & marketing, Kabbage from American Express.
Despite negative economic headwinds, with some 66% of those surveyed scaling back holiday shopping this year and consumers expecting to pay more in independent specialty shops, that isn’t holding them back. Some 86% of consumers said they were likely to shop small this holiday season versus just 13% who likely won’t make it.
A strong holiday 2022 will make a real difference for small businesses. The SBOs surveyed reported nearly one-fourth of their annual revenues are made between Black Friday through New Year’s Eve. They’ve also struggled with ongoing difficulties in hiring and retaining optimum staffing levels, critical to providing the enhanced customer service that sets independent retailers apart from big retailers.
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:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nights of Lights to begin Saturday in St. Augustine - Jacksonville Business JournalThe popular lights display throughout downtown will last through Jan. 31.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Nights of Lights to begin Saturday in St. Augustine - Jacksonville Business JournalThe popular lights display throughout downtown will last through Jan. 31.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
JPMorgan Trying to Expand Minority Small-Business LendingJPMorgan Chase & Co. is launching a national program to try to get more loans into the hands of minority small-businesses owners and close a persistent racial gap in financing AKA NINJA loans for the most desperate with no hopes of repayment… It’s about class not color… how about JP Morgan pay out some reparations for taking part in the enslavement of Africans in America for profit.
Source: WSJ - 🏆 98. / 63 Read more »
How small businesses can attract and retain top talent in 2022 - San Francisco Business TimesOffering great compensation isn't enough right now. Employers of all sizes are beginning to focus on other benefits as they seek to attract top-notch talent.
Source: SFBusinessTimes - 🏆 78. / 68 Read more »
Biden to sit down with business, labor leaders to highlight inflation progress | CNN BusinessPresident Joe Biden will sit down Friday with business executives and labor leaders to highlight recent progress in combating inflation and steadying the economy, a White House official told CNN. Alright guys u know the drill.....make them do all the work....pay them cheap and charge them high....real high....so high they never notice we all in it together to bleed the human race dry for paper....well the representation of the paper Translation - his big business donors are going to rip him a new one over his dismal economic performance. He’s been “sitting down” on the job for 2 years
Source: CNN - 🏆 4. / 95 Read more »