If you’re a small retail business owner in Nashville and have experienced difficulty due to the coronavirus pandemic, you’ll be happy to know that you can expect business to pick up leading to the holidays. According to a study made by Visa, around 86% of Americans plan to do their holiday shopping this year, and about 60% plan to shop for half or more of their needs at local retailers.
The pandemic, however, has changed the shopping habits of customers, so you should be prepared to adjust and adapt to their evolving needs. Your CPA can help you in making financial decisions related to this.
The Visa study further shows that around 60% of consumers plan to do at least 50% of their shopping online, and only around 20% plan to do their shopping exclusively in person. Around 33% plan to give digital gift cards this year.
Read more from this blog post: https://bit.ly/EvanH21
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