• Visa Reveals Top Areas of Technology Investment by Small Businesses For 2021

    4 days ago - By WWD

    According to Visa's third installment of its global “Back to Business” study, 82 percent of small businesses had embraced digital technology to meet evolving consumer behaviors by the end of 2020.
    Visa's study, which surveyed 250 small business owners and 1,000 consumers globally, aimed to understand how shifting consumer behaviors have influenced small businesses, the world's permanent shift toward digital commerce, and the resilience of so many small and micro business community through technology investments. In its survey, Visa found 37 percent of small business owners were most...
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  • Covid 2021: Over 250,000 UK small businesses set to close

    4 days ago - By Fashion United

    Over 250,000 small businesses across the UK are set to fold in 2021 according to findings by the Federation of Small Businesses. Its latest index shows confidence at its second lowest ebb in the ten year history of its report. The figures echo research by McKinsey and Company, which said in September the fashion industry's economic profit would plummet 93 percent in 2020.
    One in five firms reduced headcounts in three months to December; one in seven expect to do so this quarter. Furthermore, a record number of small business owners are planning to close their firms over the coming twelve...
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