Metro-East News

Business Briefing: Small business owners optimistic for holiday-shopping season

Will Buss
Will Buss

It’s beginning to look a lot like a good Christmas shopping season, according to a new poll of small business merchants.

The results released by Merchant Cash USA finds that small business owners anticipate making between 25 and 40 percent more during the holiday shopping season than a year ago.

The survey of 3,876 small business owners also found that 67 percent of all small businesses reported sales growth in 2015 over the year before, and 78 percent said they plan to spend more on marketing their products and increasing inventory this year.

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Hyundai has issued a recall of about 305,000 Sonatas due to faulty brake lights. The problem has been found in the 2011 and 2012 model years. Read more here.

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News of fixing test-cheating software has led to a rise in shares of Volkswagen. The German auto maker had recently suffered embarrassment over admittedly using software that hid information of its polluting-emitting vehicles. Early Friday, Volkswagen shares were up 1.4 percent. Learn more here.

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The cost of renting a home has slowed but still exceeds income growth. According to online real estate price tracker Zillow, home rental costs are up by a seasonally adjusted rate of 4.5 percent this year, while average hourly income rates have risen by just 2.5 percent in that same span. Find out more here.

-Will Buss, BND business writer

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