Small Retailers are at the Forefront of Economic and Community Revival

Retail Refined Banner Ad

 

As big-box retailers like Walmart and Target continue to expand their physical storefronts, small business retailers are carving out a niche by integrating deeply with their local communities. These local shops, unlike their gigantic counterparts, are leveraging their brick-and-mortar presence to enhance community ties and foster local economies. While large retailers invest in blending digital conveniences with in-store experiences, small businesses focus on creating a symbiotic relationship with the community, offering a tailored shopping experience that supports local growth and reflects the unique needs of the area.

During an Experts Talk episode, hosted by Gabrielle Bejarano, Dr. Mansur Khamitov, an Assistant Professor at Indiana University, shares his take on how small businesses can harness their local presence for greater community impact, drawing from his work in consumer behavior and marketing. He highlights the unique advantage of small businesses in fostering community engagement and economic vitality.

“They provide local employment opportunities, generate a lot of economic activity, and also kind of think about the notion of social mission and surrounding communities,” said Dr. Khamitov.

Article written by Sonia Gossai

Follow us on social media for the latest updates in B2B!

Image

Latest

How Branded Moving Trucks Help Storage Facilities Attract More Customers
August 1, 2025

You know that feeling when you see the same truck three times in a week? First at the grocery store, then outside your friend’s place, then stuck in traffic next to you. By the third sighting, that company name is burned into your brain. Smart storage facility owners figured this out years ago. They’re…

Read More
Winter is Coming: 9 Battle-Tested Strategies to Shield Your Commercial Property from Skyrocketing Insurance Costs
August 1, 2025

The numbers are brutal. Insurance deductibles that used to be a manageable $2,000 flat fee have morphed into percentage-based nightmares tied to property values. What was once a minor business expense can now hit six figures with a single burst pipe or ice dam incident. Meanwhile, insurance premiums have surged 20.4% on average, leaving property…

Read More
From Zero to 460% Engagement: 6 UGC Campaigns That Broke All the Rules
August 1, 2025

Picture this: You spend months crafting the perfect marketing campaign. Professional photographers, expensive equipment, polished copy. You launch it and… crickets. Meanwhile, your competitor posts a simple challenge asking customers to share their stories, and suddenly they’re swimming in engagement, leads, and brand loyalty. Sound familiar? You’re not alone. The biggest mistake brands make with…

Read More
Purpose Factory Event 2025
Lights, Camera, Action
August 1, 2025

The Purpose Factory Event 2025 emerges at a moment when organizations are being challenged to redefine what success really means. Beyond profits and projections, the gathering champions a model of growth that intertwines cultural impact with strategic vision. It’s a forum where companies explore how values can be engineered into operations, not just marketed in…

Read More