Beauty Store Business magazine - November, 2019

small business

Statement Released From ICMAD Supports Updated Beauty Industry Law

Pam Busiek, president and CEO of Independent Cosmetic Manufacturers and Distributors (ICMAD), vocalized her support for the Modernization of Cosmetics Regulation Act of 2018 in a statement released on February 25th. ICMAD, a non-profit trade association that has supported the beauty business from startups to established multinational corporations since 1974, continues to advocate for businesses of all sizes on the national stage.

NRF Launches Small Business Retail Council

The National Retail Federation has announced the formation of the Small Business Retail Council to organize, recruit and engage main street merchants and independent community retailers in grassroots advocacy activities. The council will represent and be responsive to the needs, concerns and interests of local shops, and provide the association’s small business members a forum to discuss the most pressing public policy issues and priorities.

Too Close For Comfort

istockphoto.com
Is it bad for business when too many beauty retailers occupy the same area?

In a diverse suburban community just a stone's throw west of Chicago, general manager of K-Stone Beauty Supply Joe Seok has helped run his family’s ethnic beauty supply and wig emporium in the heart of the Village of Oak Park’s bustling commercial district for more than 20 years.

Retailers Have the Ball

Experts say retailers have the advantage in today’s marketplace. Here’s why.

In recent years, retailers have been confronted by behemoth impacts on the marketplace, namely the global economy and the steep rise of the Technology Age. Both have drastically shifted the customer-retailer relationship as consumers have subsequently led by virtue of their lower budgets and quick grasp of technological advantages, leaving retailers to follow them for the sake of their profits and edge over their competition.