Small businesses, not multinational conglomerates, create most American jobs. That’s why everyone from governments to private enterprises to nonprofits are working furiously to help small and medium-sized businesses (SMBs) weather the COVID storm and remain viable. PYMNTS’ September Disbursements Tracker®, done in collaboration with Ingo...
Federal Reserve chairman Jerome Powell is set to tell lawmakers that U.S. small businesses may need “direct fiscal support,” rather than more loans, the Financial Times (FT) reported. He’s set to appear before the House of Representatives financial services committee on Tuesday (Sept. 22), and...
In a normal year, the holiday season is an incredibly busy time. In between the mad rush to close out the business year, retailers and restaurants prep for what they hope is the most wonderful time of their year for making sales. Restaurants, in particular,...
The year started out looking pretty promising to Loic Le Garrec, owner of Boston’s Petit Robert Bistro. Mild winter weather in Boston had led to stronger-than-average performances in January and February, and Le Garrec told Karen Webster in a digital discussion that as March approached,...
Small to medium-sized businesses (SMBs) can help lessen the negative effects of COVID-19 on their firms by selling more through digital channels, according to the results of Facebook’s Global State of Small Business Report: Wave III Update. More than 40 percent of SMBs made over...
America is reopening, with consumers and businesses popping out like the buds of May, only five months late. As the COVID-19 summer turns to fall, a seasonal checkup is in order. Pandenomics: Main Street’s Six-Month Checkpoint is the latest in PYMNTS’ survey series of U.S....
Brick-and-mortar stores have been hit hard by the pandemic and have made serious adjustments to stay in business. Sixty percent of small- to medium-sized businesses (SMBs) reported in March that their sales had fallen drastically, and many doubted then that they would be able to...
Sept. 11, 2020, marks 225 days since the coronavirus was first declared a pandemic on March 11, lasting longer than most of the businesses on Main Street U.S.A. ever expected it would. When PYMNTS first began studying the impact that the pandemic was having on...
For many small- and mid-sized businesses (SMBs), surviving the pandemic has necessitated a transformation of their brick-and-mortar stores into virtual showrooms. But simply enabling consumers to shop online doesn't cut it when they want to pick up and inspect products at physical stores. In this...
