Holiday sales outlook not so robust for small retail segment
A new Capital One national study reveals weaker sales this holiday season for small business owners, with just 23 percent of shop keepers expecting a boost in revenue. A year ago, 29 percent were expecting a sales spike, according to a press release.
Yet small retailers are, overall, optimistic about the year ahead with 49 percent viewing business as good or excellent going into the new year.
"It is encouraging to see many businesses improving their outlook about the future, after a brief dip in confidence earlier this year. While concerns related to costs and regulations still exist, we are glad to see that optimism is on the rise," said Buck Stinson, head of Small Business Card at Capital One, in the press release.
Topics: Financial News