Small Business Saturday
While everyone knows that Black Friday (the day after Thanksgiving) is the official start of the holiday shopping season for malls and big-box stores, small independent realtors look to the following day to jump-start their season. Small Business Saturday, which American Express launched in 2010 and promotes heavily, has become one of the busiest days of the year for many independent retailers.
In 2016, consumers came together to show their love for small businesses on Small Business Saturday. Among those who shopped on the day, 32% reported attending a community event, and 81% reported encouraging friends or family to shop or dine at small, independently-owned retailers and restaurants on the day as well.
Among U.S. consumers who went out and shopped in-store, total reported spending reached an estimated $15.4 billion at independent retailers and restaurants on Small Business Saturday 2016.
If you spend $100 at a local business, roughly $68 stays in your local economy. If you spend the same are a large business, only $43 stays in the local economy.
While Black Friday may focus on the big-box retailers, Small Business Saturday is all about community. Only your neighborhood shop can provide that personal touch and make both the gift—and the thought—count.