Home | Business News | Browse by Publication | B | Business Wire

Small Business Holiday Gift Budgets Hold Steady, but Fewer Plan Bonuses and Raises for Employees, According to the American Express[R] OPEN Small Business Holiday Monitor.

Publication: Business Wire
Publication Date: 09-NOV-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
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 2008), 31% have plans to give year-end bonuses (vs. 44% in 2008) and 16% will give raises (vs. 30% in 2008). Almost half of business owners (47%) will give employees time off over the holidays, even with last year (47%), although they are less inclined than last year to participate in a volunteer activity with their employees (19% in 2009 vs. 28% in 2008).

Overall, more than two thirds of business owners (69%) do not believe the worst of the U.S. economic woes are over, and nearly six in ten entrepreneurs (57%) say the economic downturn has changed their holiday gift giving behavior.

* Four in ten...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Business Wire
Quanta Partners with Telogis to Power Next Generation Navigation Techn..., November 09, 2009
Generic Pharmaceutical Partner Jay Deshmukh Joins Knobbe Martens D.C. ..., November 09, 2009
Research and Markets: Through To 2013, Pakistan's Soft Drinks Value Sa..., November 09, 2009
Wisconsin's Vacation Paradise Sky Blue Waters to Sell Homes and Lots a..., November 09, 2009
Research and Markets: UCLA Children's Hospital Pediatric Board Review ..., November 09, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.