Family funds, bank loans, credit cards – where do you turn for money to finance your inventory? These have long been the big 3 sources of financing for independent retailers. In fact, many of us haven’t ever heard of fintech. The term (short for financial technology) refers to companies providing financial services to businesses using… Read More

The 4th season of the popular TV comedy Schitt’s Creek features one of the main characters opening a “wellness” gift shop called Rose Apothecary. David and his partner Patrick start with a collection of local body products and eventually expand into wine, cheese, and home décor. When business is slow (Season 4, Episode 6, if… Read More

A frequently asked question by retailers is whether it is legal to charge a customer a processing fee for the convenience of using a credit card. And the flip side – it is legal for our vendors to add a surcharge to their invoices when we pay by credit card? We all know that accepting… Read More

We all get asked for donations on a regular basis – in fact on a slow day, the requests seem to outnumber the sales. It’s long been our policy to give a gift card to the causes we decide to support, since this usually brings the recipient into the store to shop. For larger donations… Read More

Gretchen Rubin, author of The Happiness Project, can always be counted on for inspiration and techniques for living a better life. Her latest book, Outer Order/Inner Calm, promises that you can make more room for happiness by decluttering and organizing. This trend towards minimalism, led by Marie Kondo, is not always good news for those… Read More

You’ll probably see the icons for Facebook, Instagram and Pinterest on the smart phones of most independent retailers. It really helps to  see what your customers are seeing when they visit your pages on social media platforms – and hopefully you are following other businesses like yours, as well as the shops and restaurants near… Read More

“Graduation is a huge milestone for students and parents alike, and retailers are ready to help make it even more memorable,” National Retail Federation President and CEO Matthew Shay was quoted as saying in an NRF press release last spring. The article went on to state that graduation spending was expected to reach $5.2 billion… Read More

“Can a business refuse to accept cash?” would once have been thought a very unlikely question to be facing the retail community.  But earlier this year the New York City Council was in fact considering a proposal to ban restaurants and retail establishments from going cashless, according to the National Law Review.  While most of… Read More

Every state has its own version of unemployment insurance requirements, designed to protect individuals who are laid off or let go. The American version of the unemployment insurance program, which originated in England, was established at the height of the Depression to help the many people struggling without jobs. Coverage provides a certain level of… Read More

An influencer is defined as “an individual who has the power to affect purchase decisions of others because of his/her authority, knowledge, position or relationship with his/her audience.” Typically an influencer is actively engaged with social media followers in a particular niche – so it can be really helpful to make sure you’re in touch… Read More