Small-business owners are looking at an $88 billion opportunity during the holiday shopping season — if they can navigate higher prices, supply chain headaches and inventory shortfalls.
“The holiday season is always the biggest time of the year for our business, but this year it is incredibly important for us to hit sales. Due to challenges in the marketplace such as higher supplier prices and supply chain issues, this holiday season is definitely a make or break for us,” said Anthony and Courtney Bui, founders of The Long Dog Clothing Co. in Torrance, California, in a press release announcing the survey findings.
"People just don’t have the financial wiggle room that they’ve had in the past couple of years, so many are being far more selective with their spending,” said."While in previous years, they might’ve been willing to get a little spendy to support their favorite local business, they may be a little reluctant to do that now." Small and medium-sized businesses have also raised prices, with about 78% saying they have done so to offset rising inflation.
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.
Small-business owners banking on big Black Friday, Cyber Monday - Phoenix Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Source: phxbizjournal - 🏆 254. / 63 Read more »
Small-business owners banking on big Black Friday, Cyber Monday - Silicon Valley Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Source: svbizjournal - 🏆 334. / 59 Read more »
Small-business owners banking on big Black Friday, Cyber Monday - Jacksonville Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Small-business owners banking on big Black Friday, Cyber Monday - Dallas Business JournalWith economic storm clouds looming, small-business owners are banking on a strong Black Friday, Cyber Monday and Small Business Saturday. New data offers good news on that front.
Source: DallasBizNews - 🏆 525. / 51 Read more »
‘Real Black Friday’ offers chance to shop small, support local businesses ahead of Small Business SaturdayMore than 120 Black-owned businesses will set up along A. Phillip Randolph Boulevard from 11 a.m. to 4 p.m. Friday for The Melanin Market’s “Real Black Friday” event on the Eastside.
Source: wjxt4 - 🏆 246. / 63 Read more »