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Survey: Small retailers overwhelmed by regulations

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WASHINGTON – The expanding scope and cost of government regulation are placing new burdens on America’s small retailers, according to a survey conducted for the National Retail Federation.

“Overregulation is undermining the resolve of small retailers,” NRF President and CEO Matthew Shay said. “To fulfill their role in driving the American economy, small businesses need the freedom to make the decisions that make sense for them instead of being burdened by one-size-fits all mandates.”

NRF worked with market research firm GfK to survey retail small business owners to gauge their views on the business environment, the health of their businesses and whether public policies that affect their operations support or hinder prospects for growth.

“It’s time for lawmakers, policymakers and candidates to take a hard look at how burdensome regulations are stifling America’s entrepreneurial spirit,” Shay said.

The survey revealed that while small retailers are generally optimistic about the future, they are increasingly concerned about the growing volume and cost of government regulations. Among the findings:

  • The vast majority (81%) say regulations weaken the appeal of owning a business.
  • Nearly seven-in-ten (69%) say they are “overwhelmed by regulations, rules, and mandates,” including labor regulations, health care mandates, tax codes and safety guidelines.
  • Less than half (44%) believe government regulations achieve their objectives.

ECRM_06-01-22


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