Wednesday, February 23, 2011

Buy Local - Does it Help?

Small retailers are still concerned about the economy, but 55% think “buy local” campaigns can help, compared to just 7% who do not.

The American Express OPEN Retail Economic Pulse shows that small retailers are leveraging local review sites like Yahoo Local and Yelp! (51% use at least one site) and social media (51% use at least one platform and 37% will increase usage this year).

“Buy local” is not a phenomenon restricted to the coasts: small retailers from the north central states are more likely to believe “buy local” sentiment is growing than any other region (49% versus 39% in the south, 37% in the northeast and 38% in the west)

Check out the Amex site for more details of this interesting survey.

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