In the current state of the economy, keeping business going and thriving isn’t easy for anyone. But it seems like the small- and medium-sized businesses (SMBs) always get the short end of the stick. They don’t have the bandwidth, manpower or financial resources to keep pace with technology at the rate their big-box counterparts can.
New research from American Express, though, shows that things are lookin up for the SMBs out there! Total spending in the small merchant fashion category outpaced overall fashion spending for the third consecutive quarter (5% vs. 3%).
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Click on the image above to get a more detailed look at the findings, and for some great insights from Ed Jay of American Express.
Are you a small- or medium-sized business? What challenges are you facing in the current retail landscape? Share your thoughts in the comment section below!
