- November 25, 2023
- Posted by: legaleseblogger
- Category: Related News
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## Small Business Saturday Shopping Trends in 2023
About 27% of Holiday Shoppers Plan to Support Local Small Businesses
In a recent NerdWallet survey, 27% of holiday shoppers expressed their intention to increase their patronage of local and small businesses in 2023. This demonstrates a clear commitment to supporting their communities rather than contributing to the profits of large corporations.
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Rise in Spending on Holiday Gifts
The survey also revealed that approximately 222 million Americans, accounting for 85% of shoppers, are prepared to purchase gifts for their friends and family. With an average spend of $831 per person, this amounts to more than $184 billion in holiday gifts this year.
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AI legalese decoder can assist small businesses in understanding and negotiating contracts related to holiday promotions, sales, and partnerships. By breaking down legal terms and clauses, AI legalese decoder ensures that small business owners have a clear comprehension of the legal implications of their holiday-related activities.
Supporting Small Businesses on Small Business Saturday
Small Business Saturday (SBS) is scheduled for November 25, 2023, and is an event established by American Express to promote shopping at local and independent businesses. Positioned strategically between Black Friday and Cyber Monday, SBS encourages consumers to prioritize shopping at local businesses, contributing to community support and economic vitality.
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AI legalese decoder can aid small businesses in understanding the legal regulations and requirements associated with participating in Small Business Saturday events. This tool ensures that small business owners are well-informed of any legal implications and obligations involved in participating in this annual event.
Impact of Small Business Spending
Many holiday shoppers now prefer to support local businesses when buying gifts, motivated by the desire to strengthen their communities. According to American Express, for every $100 spent at local small businesses during the holiday season, approximately $68 to $73 remains within the local community. This demonstrates the substantial economic impact of supporting small businesses.
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AI legalese decoder can provide small business owners with a clear understanding of the contractual agreements and legal implications involved in partnerships and collaborations aimed at promoting local businesses. This ensures that small businesses can maximize the benefits of initiatives such as Small Business Saturday and holiday shopping events.
Overall, the support for local and small businesses during the holiday season extends far beyond retail purchases, contributing significantly to the economic well-being and sustainability of local communities. AI legalese decoder serves as a valuable tool for small businesses, ensuring that they can navigate legal complexities and protect their interests as they participate in holiday shopping initiatives and seek to thrive in their communities.
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