Back in July of 2020, the Brightfield Group projected the CBD market to grow a healthy 14 percent last year to $4.7 billion. With Americans facing high unemployment levels, 2020 retail sales did not reach the levels anticipated prior to the emergence of COVID-19, but the industry is still growing strong. Due to its high […]
Retail News
Barstool Throws Lifeline to Drowning Businesses
On December 17, 2020, Dave Portnoy, Founder of Barstool Sports, launched “The Barstool Fund” for small businesses struggling to stay afloat during the COVID-19 pandemic. Companies can apply for assistance with needs such as rent or tax payments by sharing their stories by email, so long as they have continued to pay their employees throughout […]
What Retailers Can Expect From Post-COVID Consumers
COVID-19 has changed virtually everything about retail. Retailers may never before have considered operating their business without a single customer inside of their store, and yet, this is now reality for retailers in states facing restrictions or total lockdowns. Despite such radical changes, certain trends that existed before COVID-19 remain the same.. For example, customers […]
3 Tips for Retail Success in 2021
by Maria Melo The COVID-19 pandemic has created lasting changes in how businesses sell and deliver goods and services, as well as transformed how brands must interact with their customers to succeed. Retailers are well aware of this shift and have been pivoting and adjusting strategies for months to continue effectively reaching customers. With many […]
2021 Retail Predictions
Remember at the beginning of 2020 when you thought you had everything all planned out for the year, and then COVID-19 came and knocked all of your preparations off the table? That was not fun for anyone, and many businesses are still trying to recuperate and rebuild their models. We live in very unpredictable times, […]
How to Improve Business Finances & Cash Flow
by Wave Business cash flow describes the flow of money from your business’s current accounts receivable to your future accounts receivable — essentially, it is the total of your monthly cash flow minus the balance on your accounts payable. It is important to learn what cash flow is to make better decisions in running the […]
How to Engage All Generations this Holiday
by Garin Hobbs The end-of-year shopping season is always an important time for brands, but this year, the season has assumed a particularly critical role in testing the resilience of retailers. More than two-thirds (67%) of shoppers plan to complete most or all of their holiday shopping online and only 3 percent say they will […]
State Regulations for In-Store Shopping
Updated 12/1/20 In the wake of the reopening of brick-and-mortar retailers nationwide, business owners have been forced to keep up with the state by state requirements in order to keep their storefronts open to the public. Independent Retailer has curated a list of the regulations in each state, as well as links to official government […]
How One Retailer is Creating Big Impacts with Small Changes
Retailers all across the U.S. have been coming up with creative ways to power through the pandemic and reach their customers. Social media has been a huge help for this, since each platform has different features that allow brands to connect with their followers. The Greek International Food Market, located in Boston, Massachusetts, has been […]
How Retailers Can Make Brick-and-Mortar a Business Boon in 2021
by David Mayer Physical retail has been in decline for more than a decade. While grocery saw a temporary reprieve during the onset of COVID-19 as shoppers stockpiled and avoided restaurants, March 2021 will likely see year-over-year declines as the world returns to pre-pandemic norms. To continue to thrive, retailers need to address the core […]
