(NEW YORK) – As Small Business Saturday closed out its eighth year on Saturday, November 25th, shoppers provided an encouraging boost to small businesses at the start to the holiday shopping season.
According to data from the 2017 Small Business Saturday Consumer Insights Survey, released today by the National Federation of Independent Business (NFIB) and American Express, an estimated 108 million consumers reported shopping or dining at local independently-owned businesses.
“Year after year, Small Business Saturday receives remarkable support from shoppers and communities nationwide,” said Elizabeth Rutledge, executive vice president of Global Advertising and Media at American Express. “In year eight, it’s encouraging to see Small Business Saturday continue to gain momentum as more people recognize the benefits that independently-owned businesses bring to their neighborhoods—and our country as a whole.”
The Small Business Saturday Consumer Insights Survey also found that 70% of U.S consumers are aware of Small Business Saturday. In addition to support on Main Streets, shoppers turned out for online small businesses – with 35% reporting that they Shopped Small® online on November 25th alone.
The 2017 Small Business Saturday 50-State Survey, also released today by the NFIB and American Express, showed 73% of consumers who reportedly Shopped Small at independently-owned retailers and restaurants on Small Business Saturday did so with friends or family. The most reported reason for consumers aware of the day to shop and dine at small, independently-owned businesses was to support their community (64%).Further insights from the 2017 Small Business Saturday 50-State Survey include the following:
- Shoppers made Small Business Saturday an all-day affair, as 58% of those who participated in the day reported shopping or dining at more than one small, independently-owned retailer or restaurant on Small Business Saturday this year.
- On a national level, nearly half (48%) of consumers who participated in Small Business Saturday reported visiting a small business that they had not previously been to on Small Business Saturday.
- Relative to the national average, shoppers in Colorado, Hawaii, and Vermont reported pet stores as the type of small business frequented the most; while shoppers in Illinois, Massachusetts, and New York reported visiting a bakery the most; and shoppers in Georgia, Idaho, Texas reported visiting spas, nail salons or hair salons the most.
Full results of the survey and an interactive infographic with state by state breakouts can be found here.
At the local level, Small Business Saturday is fueled each year by grassroots activities organized by Neighborhood Champions— small businesses, business associations, local Chambers of Commerce, and other community organizers that rally their communities to celebrate Small Business Saturday. This year, more than 7,200 Neighborhood Champions (a 7% increase from 2016) across all 50 states, Washington, D.C. and some U.S. territories — engaging an estimated 2.2 million small businesses — celebrated Small Business Saturday on November 25th, showing their love and appreciation for small businesses through activities such as shopping passport programs, pop-up holiday markets, sleigh rides and a Shop Small sand sculpture.
Through the Small Business Saturday Coalition, more than 575 organizations helped spread the Shop Small message this year, an 18% increase over last year. The Coalition, led by Women Impacting Public Policy (WIPP), was created in 2011 to help amplify Small Business Saturday and is comprised of national, state and local associations that help coordinate activities for Small Business Saturday with consumers and small business owners.
“Small Business Saturday has become an incredibly important day for small businesses across the nation,” said NFIB CEO and president Juanita Duggan. “We are very proud to be a part of this program and to be able to show how valuable small businesses are to local communities, whether on Main Street or online. Partnering with American Express is a great honor and we look forward to Small Business Saturday each year.”
Elected Officials across the U.S. Encourage Communities to Shop Small
- Elected officials in all 50 states and Washington, D.C. championed Small Business Saturday.
- A total of 239 federal officials and agencies showed support for Small Business Saturday through posts on Facebook and Twitter.
- The United States Senate unanimously passed a resolution designating November 25th, 2017, as Small Business Saturday.
- 653 city proclamations in support of Small Business Saturday were issued by mayors and other elected officials covering all 50 states and Washington, D.C.
- 11 unique public service announcements encouraging the public to Shop Small were recorded by government officials across the nation.
Communities and Supporters Contribute To Success in Year Eight
In addition to the Neighborhood Champion Program and the Small Business Saturday Coalition, corporations, consumers and businesses across the country brought their communities together for Small Business Saturday. For example:
- American Express enlisted the support of Corporate Supporters to help drive excitement for Small Business Saturday. Nearly 100 companies, including Grubhub, Etsy, Ace Hardware, FTD, Square and Liberty Mutual Insurance came together to promote Small Business Saturday and the Shop Small movement.
- Small business owners successfully used the Shop Small Studio nearly 105,000 times for customizable and ready-to-use marketing materials and/or merchandise to help promote their businesses on Small Business Saturday, up 23% from 2016. As part of a new pilot program, downloadable marketing materials were offered in Spanish and 15% of Studio visitors requested assets in Spanish.
- From the first of November through the 25th, there were more than 605,000 social media posts combined on Facebook, Instagram and Twitter about Small Business Saturday and/or the Shop Small Movement, and nearly 177,000 were posted on November 25th alone. Posts included consumers showing-off their favorite small businesses, business owners hosting events with promotions and activities taking place on Small Business Saturday, as well as government officials, celebrities and artists showing their support for the day and their favorite small businesses.
Shop Small All Year Round
The benefits of Small Business Saturday reach beyond just one day. According to the 2017 Small Business Saturday Consumer Insights Survey, 84% of consumers who are aware of Small Business Saturday said the day makes them want to Shop Small all year long, not just during the holiday season.3 Consumers can continue to find small businesses in their community by visiting ShopSmallNow.com. In addition to products and services, American Express offers the below resources for small businesses year-round:
- OPEN Forum® – A platform that combines content and community to deliver advice to small business owners. This is where small business owners come together to help each other get unstuck on issues like expanding their business, marketing and more complex topics like expense management.
- American Express® Merchant Marketing Corner – An online hub where American Express® Card-accepting merchants have access to free online advertising, Shop Small Map inclusion, signage and marketing materials.
Mark your calendar for Small Business Saturday 2018, which will be celebrated on November 24th!