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Supporting Local Businesses During Independent Retailer Month
The Fourth of July festivities may be done for another year, but we’ll be celebrating the spirit of independence all month long.
July marks Independent Retailer Month, a dedication that honors the hard work and significant contributions of the small business owners in our communities.
It’s easy to get swept up in the locavore movement, which emphasizes taking the time to get to know local business owners and to choose them first when making purchasing decisions.
Some are quick to point out that smaller retailers often charge more for products and services, which can often be true. Local businesses usually can’t stock inventory and supplies at the same scale as some of those Amazonian retailers. They thus aren’t able to negotiate the same bottom-dollar wholesale prices.
However, the higher price you might pay at an independent retailer is a small price to pay when you consider the myriad benefits of shopping local.
Shopping local can often mean that product is sourced from the local community, and this helps keep the cycle of local businesses supporting other local ventures going and growing.
In addition, independent retailers are more likely to be active in the community and contribute to the local economy.
For one, let’s talk quality. You might like that top you picked up on sale at H&M, but be honest: is there anything to love about it when it’s a mass-produced product that probably won’t last beyond a few washings?
However, a top purchased at a local boutique is likely better made and from better materials. That’s because small business owners are passionate about what they bring into their shops, and when you’re that passionate, you aren’t going to settle for anything less than top quality.
Independent retailers distinguish themselves by offering a higher quality of goods.
With that devotion to quality also comes a sincere desire to provide the best service possible. This means honing expertise to answer the questions that matter.
For example, the staff at a locally owned athletic supplier will help you choose running shoes best suited to your gait so that you can prevent injury while making new PRs. In contrast, the bored teenager working at Foot Locker probably won’t.
Local businesses take pride in delivering superior customer service.
INVESTING IN YOUR LOCAL COMMUNITY
While small business owners’ primary interests tend to be in supplying a great product and superior service, we can’t overlook their economic importance.
When you shop with an independent retailer, you aren’t just providing paychecks to the business owners and their employees. A dollar spent at a local business is usually spent anywhere from six to 15 times before it leaves the community because local businesses tend to patronize other local businesses such as printers, attorneys, and locally-owned restaurants.
This means that the dollar you spend will create $5 to $14 in value. Pretty amazing!
Spending money with local stores means your dollars often stay in the community longer.
By contrast, 80 cents of a dollar spent at a national chain leaves town immediately, and only about 6 cents ends up staying in your community. Not much of an investment.
On the topic of investments, independent retailers value their communities. So small business owners tend to support other local businesses and local nonprofits — from arts to youth empowerment to community improvement interests.
BDI is proud to work with many small businesses around the world
That’s why BDI is proud to work with many small businesses in the United States and worldwide. You can find our products at any fine furniture retailers listed in our Retailer Locator.
So as July kicks off, get out there and #shoplocal to support your community!
Do you have a local retailer you’d like to give a shout-out to or make a special effort to shop from? Let us know about them in the Comments section below.