small business – Gloomberg News

The National Retail Federation estimates a record 166 million people will shop from Thanksgiving through Cyber Monday. Don Queen, who owns the store Classic Toys in Los Angeles, California, is gearing up for the holiday rush by stocking up his shelves with toys from the past. "It looks more prosperous than last year," Queen said. A recent survey shows 63% of small retailers expect to see higher profits this holiday season, according to technology firm Capterra. It is estimated that more gift buyers are likely to shop on Small Business Saturday than Black Friday this year, according to Bankrate. The annual event dedicated to small businesses began in 2010. It's a welcome relief for mom-and-pop stores that cannot compete with sales at big box reta...

By MAE ANDERSON, AP Business WriterNEW YORK (AP) — The rent has come due for America’s small businesses and at a very inopportune time.Landlords were lenient about rent payments during the first two years of the pandemic. Now, many are asking for back rent, and some are raising the current rent as well. Meanwhile, most of the government aid programs that helped small businesses get through the pandemic have ended while inflation has sharply pushed up the cost of supplies, shipping, and labor.Martin Garcia, owner of gift and décor store Gramercy Gift Gallery in San Antonio, Texas, survived the first part of the pandemic in part by paying his landlord whatever rent he could each month. Then in August 2021, after the federal moratorium on evictions ended, his landlord asked for the full amoun...

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Shoppers expected to spend more at small businesses this holiday season: “It looks more prosperous than last year”

Add Rent to the Rising Costs Bedeviling Small Businesses | Business News