BBB shares Tips and Trends for Small business Saturday

Press release from BBB

Small Business Saturday first began on November 27, 2010 and was launched by American Express, a BBB Accredited Business. The goal was to encourage shoppers to support small, local businesses. Each year the message and movement has increased. Better Business Bureau is pleased to support Small Business Saturday for the sixth year and urges consumers to support small businesses in their community.

  1. Stay local: Check the Small Business Saturday website for a list of shops in your area that are participating.
  2. Friends and family: Supporting local businesses can be turned in to a great event shared with friends and family. Many communities will hold fun events on Saturday, November 25 in honor of Small Business Saturday. To see a list of 2015’s neighborhood champions, visit AmericanExpress.com.
  3. For more tips, click here.

Trends from 2016

Number of Small Businesses: There are 23 million small businesses in the country.

Overall Sales: An estimated 112 million consumers reported shopping at small businesses on Small Business Saturday, marking a 13 percent increase from 2015.

Engaging Others: 81 percent reported encouraging friends and family to shop or dine small as well.

Local Support: Among those who shopped on the day, 32% reported attending a community event.

Social Media: November through the 26th, there were nearly 250,000 social media posts combined on Facebook, Instagram and Twitter using #ShopSmall, #SmallBizSat and/or #DineSmall.

Awareness: 72 percent of U.S. consumers now know about Small Business Saturday.

Millennials: According to Adobe, eight out of 10 millennials made purchases over the holiday weekend.

Thanksgiving weekend sales: $289.19 is the amount individuals spent over Thanksgiving weekend, which is slightly down from 2015’s average of $299.60.

Holiday sales: Holiday retail sales during November and December increased 4 percent over 2015 to $658.3 billion.

Top reasons to shop: Top three things that convinced holiday shoppers to make purchase?

  • 64%: Free shipping
  • 50%: Limited-time sale or promotion
  • 33%: ability to buy online and pickup in store

Online sales: Online sales began spiking around Nov. 13-14

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