Breaking News

Tweet TWEET

More Americans Plan to Shop Small and Spend Big on Small Business Saturday®, According to Pre-Holiday Research from NFIB and

  More Americans Plan to Shop Small and Spend Big on Small Business Saturday®,
  According to Pre-Holiday Research from NFIB and American Express

Nationwide Community Events and $25 American Express Cardmember offer Bolster
               Support for Small Businesses this Holiday Season

Business Wire

NEW YORK -- November 19, 2012

Consumers say they will be out in full force on the Saturday after
Thanksgiving, Small Business Saturday, to support the small businesses that
fuel the U.S. economy, create jobs and keep communities thriving. Of the tens
of millions of Americans familiar with Small Business Saturday, 67 percent are
planning to “shop small” on the day, November 24^th, 2012 (44% said they
shopped at small businesses on Small Business Saturday in 2011), according to
the Small Business Saturday Consumer Insights Survey. The new research,
released today by the National Federation of Independent Business (NFIB) and
American Express, shows that of those consumers who shopped last year on Small
Business Saturday, 70 percent plan to spend more or the same amount this year
and will spend on average $100 on Small Business Saturday.

Thousands of small businesses around the country are planning special offers,
partnering with neighboring businesses, and hosting events to support the
small business shopping day. Small Business Saturday, which falls between
Black Friday and Cyber Monday, was created in response to small business
owners’ most pressing need: more customers.

“Small Business Saturday has become the ceremonial kick-off to the holiday
shopping season for small business owners across the country,” said Susan
Sobbott, president at American Express OPEN. “Small Business Saturday provides
an opportunity to harness the nation’s enthusiasm for small business and
celebrate their impact on local communities and the national economy.”

Additional findings from the Small Business Saturday Insights Consumer Survey
include:

  *The top five places that consumers plan to shop on Small Business Saturday
    are restaurants (52%), bakeries (35%), clothing stores (34%), gift shops
    (31%) and book shops (29%).
  *The number one reason that consumers plan to support small businesses on
    November 24^th is they value the contributions small businesses make to
    their community (76%), while the number two reason was better customer
    service (59%).
  *50 percent of those planning to shop on Small Business Saturday plan to
    “shop small” with a friend.
  *67 percent of consumers plan to eat out at small, independently-owned
    restaurant on Small Business Saturday this year.
  *Word-of-mouth is the top way that consumers find small,
    independently-owned shops and restaurants in their communities (79%).

“America’s small businesses contribute to their communities in innumerable
ways—creating half of private sector jobs, generating the revenue that spurs
continued growth, and supporting the families they employ; it’s no surprise
that American consumers have a deep trust in, and admiration for, the
small-business community,” said NFIB CEO Dan Danner.“Small Business Saturday
gives us a chance to show our appreciation and to help America’s job creators
in a very real way, by patronizing small shops, restaurants and service
providers. Anything that helps with sales is certainly appreciated by
small-business owners, many of whom have struggled to stay afloat in a rough
and uncertain economy.”

One reason for the success of Small Business Saturday has been that many
community groups and small businesses have taken ownership of the day.
According to the first installment of the Small Business Saturday Insights
survey, released earlier this month by NFIB and American Express, of the small
business owners planning to leverage Small Business Saturday, 81 percent said
Small Business Saturday would be more effective if their communities came
together and hosted events.

For its part, NFIB wants to lend a hand and put small businesses front and
center by helping small and independent businesses to get the word out online
about their best Small Business Saturday deals. Small business owners can go
towww.nfib.com/smallbizsat to submit information about their business and why
shoppers should visit on November 24^th. NFIB will promote these submissions
on NFIB.com and in front of NFIB’s 150,000+ Facebook fans and 30,000+ Twitter
followers.

In order to help rally communities around Small Business Saturday, the U.S.
Chamber of Commerce, the world’s largest business organization representing
the interests of more than three million businesses of all sizes, will
organize Small Business Saturday events through their local member chambers.
To date nearly 50 member chambers have rallied businesses in their communities
and will host local activities leading up to and on November 24^th, where
attendees will have the opportunity to pick up tote bags, and to get American
Express® Shop Small® Gift Cards provided by American Express as part of a
community activation program.

For the third year in a row, American Express is offering Cardmembers the
opportunity to get a $25 statement credit when they enroll their eligible
American Express® Card and then use the card to spend $25 or more on a single
in-store transaction at a qualifying small business location on Small Business
Saturday. Enrollment is limited and opens on November 18^th on
www.shopsmall.com. Offer terms apply and are available at
www.shopsmall.com/offerterms.

American Express also created a Shop Small® Map on www.ShopSmall.com. The
interactive map allows consumers to find local American Express Card accepting
small businesses where they can redeem the offer, while the new “Rally Your
Community” feature is designed to connect consumers with small businesses in
their area.

For the second year running, FedEx offered $1 million worth of American
Express® Shop Small® Gift Cards, each worth $25, to consumers via Facebook
(www.facebook.com/fedex). This year, 40,000 winners were selected at random
from among all eligible entrants. Entrants were notified on or about November
9 as to whether they were a winner and also provided with a coupon to save $10
on a $20 FedEx shipment. Cards will be mailed to the winners for delivery by
approximately November 21. There are no consumer fees of any kind associated
with the American Express® Shop Small® Gift Card. For additional information
on the FedEx Gift Card give away, visit fedex.com/giftcard.

About the Survey

The Small Business Saturday Consumer Insights Survey was conducted among a
nationally representative sample of 1000 males and females 18 years of age or
older. The sample was collected using an email invitation and an online
survey.The study was conducted anonymously by Redshift Research between
November 7^th and November 12^th, 2012. The survey has a margin of error of
+/- 3.1 %, at the 95% level of confidence.

About Small Business Saturday

November 24th marks the third annual Small Business Saturday, a day to support
the local businesses that create jobs, boost the economy and preserve
neighborhoods around the country. Small Business Saturday (SBS) was created in
2010 in response to small business owners' most pressing need: more customers.
In 2011, more than 2.7 million Facebook users, 230 public and private
organizations, 75 corporations and elected officials in all 50 states and
Washington D.C. declared their support for SBS. Last year, more than 500,000
small business owners leveraged an online tool or promotional materials for
SBS and 15,000 businesses signed up for free Facebook advertising to promote
their products and services in the run up to SBS. American Express is the
founding partner of SBS.

About NFIB

NFIB is the nation’s leading small business association, with offices in
Washington, D.C., and all 50 states. Founded in 1943 as a nonprofit,
nonpartisan organization, NFIB gives small and independent business owners a
voice in shaping the public policy issues that affect their business. NFIB’s
powerful network of grassroots activists sends their views directly to state
and federal lawmakers through our unique member-only ballot, thus playing a
critical role in supporting America’s free enterprise system. NFIB’s mission
is to promote and protect the right of our members to own, operate and grow
their businesses. More information about NFIB is available online at
www.NFIB.com/newsroom.

Contact:

M Booth
Matt Hantz, 212-539-3276
matth@mbooth.com
or
NFIB
Cynthia Magnuson-Allen, 202-314-2036
cynthia.magnuson@nfib.org
or
American Express OPEN
Scott Krugman, 212-640-3244
scott.b.krugman@aexp.com
 
Press spacebar to pause and continue. Press esc to stop.