Retailers See Flat Spending This Holiday Season
Citing the impacts of high inflation and interest rates, Massachusetts retailers don’t expect a big bump in holiday season shopping sales this year.
Mass. Biz Report Sluggish Holiday Sales Season
Local small businesses saw the dollar amount in holiday sales increase by just more than 1 percent last year over the 2021 holiday shopping season, well shy of the 4 percent annual increase that the Retailers Association of Massachusetts said is typical.
U.S. Numbers May Foreshadow Mass. Retail Sales Surge
American retail sales grew surged in May after a dismal April, offering some encouraging news about the prospects of economic recovery and delivering a potential glimpse toward the near-term future in Massachusetts, where reviving public activity has lagged other parts of the nation.
Landlords Can’t Bail Out Tenants by Themselves
Government action and cooperation between tenants and property owners on rent relief is needed now to put these small businesses in the best position to reopen their doors once this emergency is over.
