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How Madmia went from a “one-person show” to a $10 million business

Inside Retail

Identifying a niche in the market for bright, colourful and mismatched socks, founder Tanja Filipovska established Madmia with a silent partner in 2016, after noticing that her friends were losing socks in a pair, and were sometimes bored of wearing two of the same socks. It is projected to hit $10 million in annual revenue in 2023.

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Liquor Loot collapses into administration amid cash flow problems 

Inside Retail

Founded in 2016 by Joel Hauer, Liquor Loot offers subscription boxes and tasking packs that allow customers to try new spirits without having to purchase a full-sized bottle. The administrators have not laid off staff, and shoppers are still able to access Liquor Loot tasting packs, subscription services, and full bottles via its website.

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10 Ways to Make Money as an Influencer

Thrifts and Tangles

billion in 2016 to $9.7 The post 10 Ways to Make Money as an Influencer appeared first on Thrifts and Tangles. The influencer industry is a booming business, so there are several ways influencers make money. According to Influencer Marketing Hub, “The market grew from $1.7

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10 Online Businesses for Sale in April

Small Biz Trends

10 Online Businesses for Sale in April. Here are 10 established online businesses available for sale on BizBuySell covering several different industries: Leading Online Clothing Retailer for 20+ Years. 10-Year-Old Fitness Subscription Business. This 10-year-old Fitness Subscription Business is SBA PreQualified.

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Walmart Acquires Robotics Company to Boost Next-Gen Fulfillment Capabilities

Retail TouchPoints

Walmart has been working with Alert to customize technology for its market fulfillment centers (MFCs) since 2016. Now, the retailer plans to increase its investment in the technology in order to leverage its 4,700 stores, which put the retailer within 10 miles of 90 % of the U.S. population, for storage and fulfillment.

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Americans use Apple Pay to buy lots of stuff

Retail Wire

When Apple Pay was first introduced in 2016, 10 percent of iPhone owners used it to pay for purchases. Today that number is up to around 75 percent of those with an iPhone. Apple says 90 percent of retailers in the U.S. now accept Apple Pay.

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Footwear label Twoobs opens its first physical store, in Byron Bay

Inside Retail

Founded in 2016 by Australian sisters and fashion personalities Jess and Stef Dadon, Twoobs focuses on producing eco-friendly and comfortable footwear. Cult Australian footwear label Twoobs has expanded its presence by opening its first physical store in Byron Bay. They are also PETA-approved vegan and 100 per cent carbon offset.

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