Small business holiday sales dampened by economic woes, majority see tough 2023 ahead
• 76% of small businesses in Goldman Sachs poll see no holiday sales bump as consumers lack cash • 55% of small business owners surveyed report decreased profits this year • 70% say personal holiday spending plans negatively impacted by economy • 67% think 2023 economy will be tougher than previous years • 21% may lay off workers or curb hiring due to struggling holiday sales