SHOPPE BLACK

Tattered Cover Is Now The Largest Black Owned Bookstore in The Country

1 min read

Tattered Cover, Colorado’s largest bookstore chain, has been sold to local investors and is now the country’s largest Black owned bookstore.

Announced Wednesday morning via a press release, the sale moves all four Tattered Cover locations into the hands of Bended Page LLC., an investment group owned by Denver natives, Kwame Spearman and David Back.

largest black owned bookstore
Kwame Spearman

Spearman will serve as CEO and major shareholder. “We want to preserve what we all love about The Tattered Cover and give it the necessary capital to beat COVID,” Spearman said in a recent interview.

The purchase of the 49-year-old independent bookstore was made for an undisclosed amount of money.

 

Tony O. Lawson


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Squire, The Black Owned Barbershop App is Now Valued At $250 Million Dollars

2 mins read

In June, we reported that Squire, a Black owned barbershop app and management platform, raised $34 million. On Wednesday, they announced another raise of $59 million in a round led by Iconiq Capital.

With the new financing, Squire has almost tripled its valuation, up from $85 million in June to $250 million today. They plan on using most of the capital to hire new sales and marketing professionals.

According to a LinkedIn post from co-founder, Songe LaRon, they are looking for a VP of marketing to “build out our marketing department and help us continue to fuel our rapid growth.” (Shoot your shot, marketing folks!)

Black Owned Barbershop App
SQUIRE FOUNDERS SONGE LARON (L) AND DAVE SALVANT (R)

The app, which was first developed to help customers book appointments, has evolved and added features such as payroll management, inventory tracking, and automatic rent collection for the barbers leasing chairs.

Squire has also helped barbershops navigate COVID-related restrictions by allowing customers to book and pay for appointments using its mobile app and by creating a virtual waiting room, which lets patrons wait outside or in their cars and enter only when they receive an automatic notification that their barber is ready for them.

According to Tech Crunch, Squire’s revenue went from zero in March, when all barbershops closed, to between $10 million to $20 million in ARR just 10 months later. The growth indicates how the next wave of barbershops will be built atop digital technology, instead of offline processes.

 

Tony O. Lawson


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This Black Owned Payment Platform For Pharmacies Just Raised $1.3M

1 min read

HealNow is a Black owned payment platform that helps pharmacies to improve patient onboarding and modernize their patient experience.

HealNow was founded by Halston Prox and Joshua Smith in 2018 and has now raised a total of $1.4M in reported equity funding.

black owned payment platform
Halston Prox

This includes the most recent seed funding round of $1.3M from investors that include Softbank Opportunity Fund, Alabama Futures Fund.

black owned payment platform
Joshua Smith

HeallNow allows patients to pay co-payments, schedule deliveries (or express pickup) and enter medical information online. They also enable pharmacies to offer online payments of prescriptions.

Their solution allows healthcare organizations to increase revenue by capturing more sales of prescriptions, over-the-counter medications, and other medical products from every discharged patient. Keeping all pharmacy orders in-network.

 

Tony O. Lawson


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Couples, Inc: D’Vonne and KeAnna Own a Mail Service Business

3 mins read

The Postman is a family-run mail service business based in Seattle, WA. This company serves the community as a one-stop-shop for all mailing needs.

The business is owned by husband and wife team, D’Vonne and KeAnna Pickett. They created The Postman in honor of D’Vonne’s grandfather, Jacques Chappell, who was a USPS mail carrier for 37 years.

We caught up with the couple to find out more about how they serve their community while mixing business and family.

The Postman
Keanna and D’Vonne Pickett..Photo credit Rachel at Freshchalk

What inspired you to start this business?

In 2016, we were informed by a real estate developer that the local USPS store would soon be leaving our neighborhood. We looked at this as a great opportunity to get into the mailbox and shipping business.

We felt confident about this decision because the mail and shipping industry serves people and creates jobs. These are values that are important to us.

Photo credit Rachel at Freshchalk

What is the most challenging part of being an entrepreneur? What is the most rewarding?

The challenging part about being an entrepreneur for us is knowing the world never stops and is constantly changing. As entrepreneurs, we understand the only constant is change.

However, the anxiety and fears we experience from change also drive us to be flexible. Being flexible in our business is what helps us create solutions that serve humanity.

Like the quote says, “It’s not the strongest or the smartest of species that services, it’s the most adaptable to change.”

the postman
Photo credit Rachel at Freshchalk

How do you balance marriage and business?

Our roles in our marriage are similar to our roles in our business. In our family, D’Vonne is the CEO as well as in our company. Meaning, he is the face of the company and is responsible for maintaining our mission and vision. Keanna is the COO and handles the details in our family as well as our company.

Although we both have titles, the total responsibility is shared because we are both owners, and to have a strong successful family and business we are invested equally.

the postman

What advice do you have for aspiring entrepreneurs?

Believe you can succeed through experiences of failure on your quest to become a successful entrepreneur. Failures should be welcomed. Through failure, an entrepreneur can test their bandwidth. Their capacity to be stretched through different experiences on their quest to expansion. The key is to become the strength of the band as you expand.

Tony O. Lawson


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Black Owned Furniture Businesses You Should Know

1 min read

Furniture is an essential part of our daily lives, as it not only provides functionality but also contributes to the aesthetic appeal of our homes and workplaces. In this article, we will highlight some Black owned furniture businesses that you can support and help promote diversity in the furniture industry.

From sofas to dining room sets, these businesses are a great way to support and celebrate Black entrepreneurship in the furniture industry.

Black Owned Furniture Businesses

Archer Home Designs (Designer)

Marie Burgos Design (Designer)

Black Owned Furniture

Jomo Furniture (Designer)

Aphrocic (Designer)

Black Owned Furniture

Lichen NYC  (Retailer)

Goodee (Online marketplace)

54kibo (Online marketplace)

Ali Sandifer Studio (Designer)

Black Rooster Decor (Online marketplace)

Edloe Finch (Online marketplace)

Nicole Crowder Upholstery (Designer & Upholsterer)

black owned furniture

Taeillo (Designer and Manufacturer)

Albany Park (Online retailer)

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Black Farmer Finds Success During Uncertain Times

1 min read

Despite the challenges now faced by many small business owners these days, a Black farmer in Seatlle is managing to survive and thrive.

Ras Peynado is the owner of Seattle based, Herban Farms. He is following the footsteps of his father, a fourth-generation farmer who lived and died in Jamaica.

In 2010, Ras began growing herbs on an urban farm while developing recipes with his friends and family. He now produces a range of sauces, seasonings, and spices.

In this interview, we discussed the importance of learning how to grow food and the relationship between old school farmers and new school farmers. We also discussed how the new wave of Black business support has impacted his business.

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Tony O. Lawson


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Black Owned Yarn Businesses You Should Know

1 min read

Are you looking for a Black owned yarn business? You aren’t alone. These days, many people are either revisiting crafting as a former hobby or learning crafting skills for the first time.

Whether you’re a novice or pro, these Black owned yarn businesses have what you need to start your next or first project.

BLACK OWNED YARN BUSINESSES

Essence Of Autumn Yarn

Black Owned Yarn

Mother of Purl

Black Owned Yarn

Five Boroughs Yarns

Lola Bean Yarn Co.

Black Owned Yarn

Third Vault Yarns

Black Owned Yarn

Woolly Jumper Yarns

Bzypeach

AT Haynes House Yarns

Black Owned Yarn

Lady Dye Yarns

Dye Hard Yarns

Black Owned Yarn

Sassy Black Yarns

Birch Hollow Fibers

Fully Spun

I Feel Like Dyeing

Neighborhood Fiber Co

 

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Black Owned Gift Wrapping Companies You Should Know

1 min read

Gift-giving is a cherished tradition that transcends mere transactions; it’s a heartfelt expression of love, appreciation, and thoughtfulness. And what better way to enhance this meaningful gesture than with exquisite and personalized gift wrapping?

We’ve curated a collection of exceptional Black Owned Gift Wrapping Companies that are sure to elevate your presents, whether for birthdays, anniversaries, graduations, or any occasion that calls for a touch of elegance.

Black Owned Gift Wrapping Companies

Midnight Reflections

Venus Island

Black Paper Party

Greentop Gifts

Black Wrapped

Baby shower-Wrapping Paper Sheet-Gender Reveal Gift image 1

Black Owned Gift Wrapping

Black Owned Gift Wrapping

Culture Greetings

Mask On

Black Owned Gift Wrapping

FOLKUS

FOLKUS Amara + Sahr Double-Sided Stone Gift Wrapping Paper – dialog

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Black Owned Fabrics Businesses You Should Know

1 min read

If you’re looking for Black owned businesses that sell fabrics, look no further. We’ve compiled a list of national and international businesses that offer fabrics of varying styles and textures.

Check them out and let us know who else should be on the list!

Black Owned Fabrics Businesses

AFROTHREADS

Black Owned Fabric

Ankara Malkia

Black Owned Fabric

Pigeon Wishes

Black Owned Fabric

Yaraa African Fabrics

Black Owned Fabric

Melanated Fabrics

Cultured Expressions

Trap Fabricks

Black Owned Fabric

Selvedge and Bolts

Femi Fabrics

House of Mami Wata

Black Owned Fabric

Our Fabric Stash

7Byraz 

Textil Colores Del Mundo

Love Bug Studios

Latifah Saafir Studios

-Tony O. Lawson


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Scotch Porter CEO Discusses Keys to Creating A Multi Million Dollar Personal Grooming Brand

7 mins read

New Jersey based Scotch Porter is one of the most popular and successful brands in the world of men’s grooming.  Founder and CEO, Calvin Quallis started the company in 2015 and named the line after his favorite drink (scotch) and his favorite musician (Gregory Porter).

Within the first 12 months of operation, Scotch Porter generated more than a million dollars in sales and has been growing rapidly ever since with distribution in major retailers such as Target and Walmart.

We caught up with Calvin to find out more about the company and his keys to success.

Scotch Porter
Scotch Porter founder, Calvin Quallis

What inspired you to start your business?

I’ve always been passionate about solving problems. My passion for helping men to feel their best was born out of observation and my firsthand experience as a barbershop owner and a kid in my mom’s beauty/barbershop.

There I watched my mom and the other stylists transform the customers that walked into the shop. The customers would walk out as a different person. The barbers and stylists had this unique ability to help people feel better about themselves. That experience really stuck with me.

Also, when I owned my own barbershop, a lot of men would complain about grooming issues like dry, brittle and thin hair. So, I went home and began experimenting from the kitchen of my home, with natural ingredients, to alleviate their concerns and Scotch Porter was born.

Scotch Porter

What particular growth strategies have you implemented (or still implement) that have been most effective?

We operate in many of the traditional digital marketing channels that everyone plays in: PPC, Paid Social, Email, Influencer, Affiliate, etc. We have found email or retention marketing to be the most profitable and lucrative channel for us.

We see about an 83x return on every dollar that we invest in our email marketing efforts. Also, the channel is a great way to build customer loyalty and launch new products.


Where do you see the business in the next 5 years?

Our mission is to promote internal and external wellness while arming men with the tools needed to live their best, most fulfilled lives. In recent years, men have become much more interested in wellness and personal care.

We feed that interest by educating and providing experiences that showcase how health, wellness, and taking care of oneself shifts how one feels and performs in their personal and professional lives.

Scotch Porter is in a unique position to continue to educate and arm our customers with information and products that are aligned with internal and external wellness. Just like beauty isn’t just lipstick and makeup, grooming isn’t just a haircut and shave. You can expect a diverse product assortment from us in the near future.

What advice do you have for the entrepreneur who would like to see his/her products on the shelves of major retailers?

I have three key pieces of advice for aspiring entrepreneurs.

1) Do your research. 

If you are thinking of entering a market where there are no competitors, you better have a lot of money, as it will take boat loads of it to open up a new market. Thinking that you can create a new market with very little capital and resources is an uphill battle that most new entrepreneurs will lose. Competition is a sign that you are entering a healthy market and that customers are buying your offering.

2) Identify and/or cultivate a USP (Unique Selling Point) or Niche Market.

Being able to clearly communicate to a customer why they should buy from you instead of the competition is the only way to survive in a marketplace where there are hundreds, sometimes tens of thousands of companies that are technically offering the same product or service.

Even better is identifying a niche market. Find a market that is big enough and has enough potential customers but is being underserved or ignored. Study that customer and identify the best ways to serve them. You can grow a very substantial business, by identifying and properly serving a niche market.

3) Investigate the real costs of doing business with a major retailer and ask yourself if you’re truly ready. 

First, having a tight grip on the business’ finances and having the appropriate product margin to sell to a mass retailer is crucial to the sustainability of your business. Does your current product margins support giving 50% or more of your retail costs to a retailer, plus another 10-15% to support marketing/sales efforts?

Second, getting on a retailer’s shelf is no easy feat, but it’s much easier than moving product off that retailer’s shelf. You must have customer loyalty and/or the marketing/sales capability to sell through. Landing on a retailer’s shelf, but not being able to move product off the shelf can be devastating to a small business, as you can accumulate massive fees from the retailer, have your products removed from shelves, and mar your reputation with the retailer.

 

Tony O. Lawson


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