It’s a common belief that independent businesses in busy urban areas perform better than independent businesses in smaller towns. However, this is not always the case; even with a larger population urban independent businesses face drawbacks due the stronger economic structure of a city. On the other hand, businesses that are slightly off the beaten track have the advantage of being a part of a small community. This means they're able to network...
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In February 2020, online retail sales made up approximately 19% of all retail sales. Only two years later, in March 2022, this jumped to 26% of total sales. Even as the world is well into its post-pandemic recovery, brick and mortar stores have had to work hard to regain their footing against the increasing popularity of online shopping. The rise of the ‘experience economy’, where people are spending more on in-person experiences as opposed to...
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