Small Business Saturday boosts holiday season
In spite of a shorter shopping season and challenging economic environment, Small Business Saturday helped jump start the holiday shopping season for small businesses across the country.
More than 1,400 Neighborhood Champions rallied local businesses and created events and activities to drive shopping around the country.
Small Business Saturday was created in 2010 in response to small business owners’ most pressing need: more customers. Since its inception, Small Business Saturday has been become a global phenomenon, spreading to the UK, Australia, Israel, Canada, South Africa and Asia.
According to the second installment of the 2013 Small Business Saturday Consumer Insights Survey, released by the National Federation of Independent Business and American Express, consumer awareness of Small Business Saturday across the U.S. jumped to 71 percent from 67 percent during the same period a year ago. Of those aware, 46 percent said they shopped on Small Business Saturday.
With awareness up, the end result was increased spending at small businesses. This year, consumers who were aware of Small Business Saturday reported spending $5.7 billion with independent merchants on the day, an increase of 3.6 percent from a strong $5.5 billion in 2012.
“In an uncertain economy, America’s small businesses have remained a beacon — creating good jobs and supporting the families they employ and the communities around them,” said NFIB CEO Dan Danner. “We are very pleased that so many Americans sought to give back by shopping small this Small Business Saturday. We hope that support of small firms, retailers, restaurants and other independent businesses continues throughout the holiday season and all year round. Continued support of this vital sector is one important way to ensure our economy fully recovers and a healthy private sector is restored.”
“In just four years, the nation has adopted Small Business Saturday and made it part of the holiday shopping tradition,” said Susan Sobbott, president of American Express OPEN. “On Nov. 30, we saw a continuation of this growing trend as communities around the country came together to celebrate local businesses and helped drive consumers to Shop Small on the day.”