Smaller increases in inflation have given investors reason to cheer in recent days. But the latest Producer Price Index (PPI) data hints at more pressure ahead for Main Street SMBs, and particularly retailers, which have been struggling. This time around, wholesale prices, as measured in...
Virtual card and spend management platform Extend is now collaborating with Bank of the West to enable small to medium-sized businesses (SMBs) to add Extend’s capabilities to their existing Bank of the West commercial card. This pairing enables SMBs to control company credit cards and streamline spend management without...
The small- to medium-sized businesses (SMBs) on Main Street, USA, were some of the hardest hit in March 2020, and pandemic recovery, though swift, has stagnated. These SMBs’ index scores have climbed nearly 18% from their Q2 2020 low, but quarter-over-quarter growth has slowed to...
As order aggregators compete to win business from restaurants, food delivery leader DoorDash is rolling out a discounted benefits-packed program aimed at easing the burden on small and mid-sized businesses (SMBs). The aggregator announced Monday (Nov. 7) the debut of its new Merchant Benefits offering,...
The past few years have put the resilience of Main Street SMBs to the test, and they’re still not out of the woods. When the pandemic hit nearly three years ago, the great digital shift was focused on finding new ways to reach consumers, to...
Inflation is the double-edged sword bedeviling Main Street SMBs. In the “Main Street Health Q3 2022: SMBs Battle Inflation” report, PYMNTS surveyed 533 U.S.-based businesses to gauge just how far they’ve been able to raise prices, what their business outlooks were, and how simply keeping...
Owners of small- to medium-sized businesses (SMBs) have to wear more than one hat — sometimes, it’s three, four or five. And to manage their financial responsibilities while staying abreast of the competition, they’re increasingly looking for enterprise-level capabilities in terms of platforms and payments....
There are economic cycles, there are business cycles and sometimes there are vicious cycles. If a mounting mix of new headwinds has it right, then we may be headed towards the latter right now as a perfect storm could be taking shape, and Main Street...
Tech-nimble enterprises with top line sales of up to $100 million see the Asia Pacific region as their next big greenfield opportunity, at a time when all manner of platforms and merchants are looking to add new customers and gain some top line momentum. To...
