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'Shop Small, Shop Local' Message Is Independent Retailers' Best Hope for Pandemic Recovery


Furniture World News
By Pam Danziger on
5/14/2021
The overarching story of retail in 2020, the pandemic year, is that the big just got bigger. The biggest categories – food and beverage stores, general merchandise stores (with the exception of department stores), building materials and supplies dealers and electronic shopping – all got bigger and the biggest retailers in each of those categories went along for the ride.
Walmart, Kroger, Costco, Home Depot, Target, Lowe’s and Amazon all grabbed market share as the government’s lockdown policies favored them over those deemed non-essential to American consumers. Small, local independent retailers ended up with the short end of the stick. ....

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Advocate campaigns to reform the SBA


If Frank Knapp Jr. has his way, the Biden administration will budget more money for small businesses and give out more loans to entrepreneurs in underserved communities.
“The SBA (Small Business Adminisrtation) is broken,” Knapp said when he visited the area as part of his nine-city, one-man tour, bringing his message to the attention of the public and media.
“We’re at a 40-year low in new business startups,” he said. “Economists tell us that all net-new jobs in the nation are created by businesses less than five years old and that they have four or fewer employees.”
Meanwhile, he cited the SBA Office of Advocacy which found the number of commercial banks declined from 14,400 to 4,600 since 1980, representing a 68% drop due to consolidations and failures. ....

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