Remove Maine Remove Retail Remove Technology
article thumbnail

Main Street USA: 58 Percent Of Main Street SMB Retailers Say They May Not Survive The Pandemic

PYMNTS

Retail sales in the United States fell by almost 9 percent in March alone, and PYMNTS research suggests that the average SMB expects to run out of cash two months before the pandemic ends — even with government assistance. percent of technology SMB owners have applied for SBA loans. It may not be enough, though.

Maine 228
article thumbnail

The Blueprint For Rethinking Main Street

PYMNTS

For the small shops and independently owned restaurants that line America’s Main Streets from coast to coast, the past eight weeks have been a difficult time leading toward an incredibly uncertain future. The MSBIA is an advocacy group that represents Main Street businesses in Santa Monica, California.

Maine 245
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Saving Main Street: How A Business School Is Helping Toronto SMB Retailers

PYMNTS

If there’s a playbook for Main Street’s migration to digital, Toronto’s Schulich School of Business is authoring a very effective chapter. In 2016, an organization called Digital Main Street was set up by the city of Toronto as a business improvement project for small- to medium-sized businesses (SMBs).

Maine 142
article thumbnail

The Impact Of Digital Technology On QSRs, SMBs And Retail

PYMNTS

And in retail, Amazon ’s sales of clothing and apparel have been on the uptick in the past few years. Data: 76%: Share of Main Street businesses that have reported cash flow shortages. All this, Today in Data. 45.6M: Expected number of U.S. mobile food delivery app users in 2020.

Retail 148
article thumbnail

The Road To Recovery: Main Street SMBs And Closing The Cash Flow Gap

PYMNTS

To gauge the economic health and vitality of local economies, one need look no further than the financial stability of the small and medium-sized businesses that line the main streets and side streets of communities across the nation. One of the digital tools in which Main Street SMBs show great interest is real-time merchant fund settlement.

Maine 183
article thumbnail

Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

PYMNTS

Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Retail is now about logistics and the last mile.

Retail 309
article thumbnail

New Data: Inside Main Street SMB’s Digital Shift

PYMNTS

In Main Street On Lockdown: Business Recovery edition, we surveyed 431 SMB owners from across the U.S. In Main Street On Lockdown: Business Recovery edition, we surveyed 431 SMB owners from across the U.S. Not all SMBs are equally eager to develop new technologies, however. Our study finds that 33.4

Maine 182