The timeworn phrase “think global, act local” is attributed (somewhat mistakenly) to the 1915 book “Cities in Evolution” by civic planner Sir Patrick Geddes. The concept is spelled out all right, proving it’s been around a good while. And it’s more vital as businesses rebuild...
Small businesses may be the backbone of the United States economy, but one might not know it from looking at U.S. consumers’ shopping habits. American consumers are far less likely to shop with the mom-and-pop stores on Main Street than they are to purchase from...
The hassle of hiring new workers has stalled a year-long advance in small business confidence, new data shows, casting a cloud of doubt over one of the economic recovery’s most important drivers. According to a new study out from the National Federation of Independent Businesses...
The pandemic’s devastation in poor countries includes major damage to the small- to medium-sized business (SMB) sector, The Wall Street Journal (WSJ) reported. Lacking the government assistance developed countries are providing to SMBs, their counterparts in the developing world are left to rely on bank...
In theory, the pandemic period has done wonders to boost consumers’ connections to their local businesses worldwide. When PYMNTS, in cooperation with Pollinate, surveyed 4,519 consumers in four countries (the United States, the United Kingdom, Australia and Brazil), the data confirmed as much as 53...
Reconnoitering the levers and dials of experience as it relates to loyalty, PYMNTS researchers recently uncovered four distinct personas emerging post-pandemic. “Local shoppers” prefer intimate Main Street boutiques, “online shoppers” are devoted to digital, “national shoppers” like name-brand chains, while “mass merchant shoppers” go for...
America’s small- and medium-sized businesses, particularly the mom-and-pop shops lining main streets and town centers, have shouldered through a very challenging 15 months of COVID-era lockdowns and restrictions that, at long last, appear to be coming to an end. Vaccines have rolled out fully to more...
Wesgro, which works in tourism and investments, and Finfind, which works to pair businesses with funding, are partnering to develop a “fund matchmaking portal” to will help small to medium-sized businesses (SMBs) find the best funding they can, a report from BizCommunity said Tuesday (June...
Weak cash flow can be a killer for SMBs. According to the March 2021 PYMNTS Main Street Survivor Study, 30 percent of all small business owners reported that they’ve had to dip into their personal financial resources to support their businesses since the pandemic began....
