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20 of the Most Profitable Small Businesses in 2023

Small Biz Trends

If you’re looking for a business opportunity that is both profitable and has a lot of growth potential, you’ll want to consider starting one of the businesses on this list. The Small Business Sector in 2023. READ MORE: 20 of the Most Profitable Small Businesses.

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Good360 gets $3 million grant: How it will connect retail, charity and community

Inside Retail

billion in energy bill relief for 10 million Australians and small businesses and $1.9 Almost half of the Australians surveyed believe the government needs to do more to minimise the impact of this and a third, 32 per cent felt the responsibility could be taken on by the businesses. billion in rent assistance.

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The RealReal Moves Away from Beauty, Shifts Focus to Luxury Consignment

Retail TouchPoints

As it continues its laser focus on profitability, luxury resale platform The RealReal is “deemphasizing” the direct sales side of its business to focus on its more profitable consignment operation. Editor’s Note: This story was updated on March 27, 2023 to include comments from The RealReal.

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How AI is Being Utilized in the Last-Mile Logistics Space

Retail TouchPoints

Last-mile logistics is a complex and complicated facet of the business world that requires orchestrating many moving parts, meeting tight deadlines and addressing the needs of multiple stakeholders. Recent advancements in AI have sparked a revolution in the business world, inspiring businesses in every sector to explore its potential.

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Inside the Online Bookstore Building a ‘Model for Small Businesses to Compete with Amazon’

Retail TouchPoints

But perhaps most importantly (definitely most important as far as Hunter is concerned), independent bookstores are back on the rise. and Hunter estimates that the site has saved as many as 400 bookshops from going out of business. and Hunter estimates that the site has saved as many as 400 bookshops from going out of business.

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Macy’s Brings in McKinsey Consultant as New Chief Customer and Digital Officer

Retail TouchPoints

He was most recently a senior partner co-leading McKinsey’s digital commerce strategy group NeXT Commerce and the global leader of the Consumer Growth Practices division, helping clients develop customer-centric and data-driven initiatives to drive profitable and sustainable growth.

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From Aisles to Algorithms: How Small and Medium Retailers Can Leverage AI

Retail TouchPoints

Startups and small and medium-sized retail businesses can reap the benefits of using AI even when they do not have big companies’ resources. To do this, they need to understand the benefits and the risks and have a game plan aligned with their business goals. As the saying goes, “Think big but take small wins.”

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