Main Street

The three million businesses that line the main streets and side streets of the local economies. These businesses are diverse and include retail shops, small grocery stores, personal services such as hair and nail salons and spas, hardware stores, local contractors, restaurants, trade services such as plumbers and electricians, and small manufacturers and wholesalers. The health of these businesses is directly related to the health of the local economies in which they operate, which is why their success is vital to the communities they serve.

Big Tech’s AI Tools Are Helping Democratize Growth for Small Businesses
Big Tech’s AI Tools Are Helping Democratize Growth for Small Businesses
September 20, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) face a unique set of challenges. These challenges, as sprawling as they are complex, are commonly ill-suited to be met...

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The Top 3 Benefits Small Businesses Get From AI
The Top 3 Benefits Small Businesses Get From AI
August 22, 2024  |  SMBs

Growth is essential for all businesses, especially the small ones. Artificial intelligence (AI) is one tool that can help firms achieve that by giving them...

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Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
Goldman’s Card Balances Up 11% as Management Is ‘Pleased’ With Credit Performance
July 15, 2024  |  Earnings

Goldman Sachs’ GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing. Its latest earnings results, released Monday (July...

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Main Street Merchants See Light at End of 2024 Tunnel
Main Street Merchants See Light at End of 2024 Tunnel
June 19, 2024  |  SMBs

We’re roughly at the midpoint of 2024, and the midpoint is a good time to take stock of where we’ve been and what lies ahead....

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1 in 3 Shoppers Wants to Buy Local Products
1 in 3 Shoppers Wants to Buy Local Products
June 18, 2024  |  Consumer Insights

As retailers look to win customers’ loyalty, PYMNTS Intelligence research finds that buying local goods is a top-of-mind concern for a significant share of consumers....

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Small Retailers Relying on In-Store Sales Are More at Risk
Small Retailers Relying on In-Store Sales Are More at Risk
May 28, 2024  |  Retail

Small retailers that make most of their sales via brick-and-mortar are the most at risk of closing, compared to those that leverage an omnichannel strategy...

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Lightspeed CEO Points to B2B Sales as Next Engine of Small Merchant Growth
Lightspeed CEO Points to B2B Sales as Next Engine of Small Merchant Growth
May 18, 2024  |  Point of Sale

Profit is the applause a business gets from its customers. So the saying, originally from business author Ken Blanchard, goes. Blanchard’s quip highlights the fact...

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US Small Businesses See Drop in Failure Risk Compared to Larger Firms
US Small Businesses See Drop in Failure Risk Compared to Larger Firms
May 06, 2024  |  SMBs

Despite news about rising inflation and stalled interest rates, recent PYMNTS Intelligence data confirms that many of the small and medium-sized businesses (SMBs) that dot...

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Competing With Giants: How Small Businesses Can Optimize Their eCommerce Efforts
Competing With Giants: How Small Businesses Can Optimize Their eCommerce Efforts
May 02, 2024  |  eCommerce

This National Small Business Week, merchants are increasingly moving beyond Main Street — and into eCommerce. And with the news that the post-pandemic growth for...

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