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According to the June 2024 Fiserv Small Business Index, small business sales slowed 2.9% from May to June and transactions at small businesses dropped 1.5%. Inflation and mindful spending are driving this deceleration, despite some retailers’ efforts to attract shoppers with discounts. However, the report also highlights a 1.6% year-over-year increase in sales for June and a 4.4% year-over-year jump in transactions.
To read more about these results and what they mean for small businesses, read Inc.’s coverage here.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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