Swipe fees are relatively small charges that banks impose on every credit and debit card transaction. Considering how many credit and debit card purchases there are, swipe fees add up quickly for retailers, consumers and credit card companies. According to a 2013 study prepared for the Merchants Payments Coalition, “Americans made an estimated 25.4 billion credit card purchases in 2012 with a total value of $2.4 trillion.
No matter what size, everyone needs a business plan. Check out these tips on how to build—or revise—yours.
One of the most overlooked management tools for small business owners is the business plan. Not only is it useful in helping business owners obtain needed capital, but it enables the owner to do some valuable "big picture" thinking regardless of whether additional outside capital is needed.
Beauty Store Business attended the Independent Cosmetic Manufacturers and Distributors' 2014 Cosmetic/Technical Regulatory Forum March 6 at the Le Meridien Delfina in Santa Monica, California. One of the many topics discussed there was pending state legislation across the United States banning the use of plastic microbeads in beauty products.
After the event, we asked Myra Y. Irizarry Reddy, director of government affairs at the Professional Beauty Association—who also attended the ICMAD forum—for an update.
CFN Beauty Representation expanded to the West Coast as of Feb. 1, completing its goal of "offering the finest beauty manufacturers national coverage with a full-time team of experienced sales professionals," its co-owners have told Beauty Store Business.
"As distribution continues to consolidate, it is essential that we evolve to the expanding needs of our customers," says CFN co-owner Gary Fishkin.
This year’s retail-industry sales are expected to increase 4.1%, up from 3.7% in 2013, according to the National Retail Federation’s 2014 economic forecast. Furthermore, online sales are expected to grow between 9% and 12%. The forecast includes traditional retail categories, such as specialty stores.