Xero Urges Shoppers to Shift Spending to Small Businesses for $11B Boost

Reuters
Nov 24
Xero Urges Shoppers to Shift Spending to Small Businesses for $11B Boost

Xero Limited's management shared insights on how small business retailers can better prepare for the upcoming holiday season during a special retail-focused episode of Xero's Open for Small Business podcast. Bridget Snelling, Country Manager for Aotearoa New Zealand at Xero, highlighted that shifting just 10% of household spending from big to small businesses could inject $11 billion into the small business economy. The discussion emphasized the importance of using digital tools, such as analytics embedded in Xero and inventory management apps like Cin7, to support data-driven decisions, cash flow forecasting, and effective inventory management during high-activity periods like Black Friday. Snelling and Young also noted the value of personalized customer engagement and forming strong community relationships beyond just offering discounts. The full episode is available at https://youtu.be/Zule8RtEx5k.

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