Small Business Holiday Gift Budgets Hold Steady, but Fewer Plan Bonuses and Raises for Employees, According to the American Express® OPEN Small Business Holiday Monitor
Business Wire, Nov 09, 2009
Will Spend Average of $455 on Customer Gifts; 31% Will Give
Year-End Bonuses to Employees
NEW YORK — Less than half (47%) of small businesses plan to give gifts to customers
this holiday season on par with last year (52%), and their total
customer gift budgets remain steady versus last year ($455 in 2009 vs.
$457 in 2008), according to the American Express OPEN Small Business
Holiday Monitor, an annual survey of business owners conducted since
2002.
But in this economic environment, fewer small business owners (35%) are
giving employee gifts (vs. 46% in samsung bd-p3600 2008), 31% have plans to give year-end
bonuses (vs. 44% in 2008) and 16% will give raises (vs
Nov 10, 2009
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