For most small businesses, inventory is the second-largest use of cash after payroll and rent. Yet it rarely gets managed with the same discipline. Payroll runs on a schedule. Rent is a fixed line item. Inventory, by contrast, is often tracked in a spreadsheet that someone updates when they remember to, or not tracked in any structured way at all until a bestseller runs out mid-season or a storage unit fills up with stock that stopped moving a year ago.

That gap matters more for a small business than a large one. A national retailer that misjudges demand on one product line barely notices. A small business that ties up a third of its working capital in the wrong stock can spend months recovering.

This guide covers what inventory management actually involves, the core methods worth knowing, how to build a working system from scratch, and where a spreadsheet stops being enough.

What Inventory Management Means for a Small Business

Inventory management is the process of tracking, ordering, and controlling the stock a business buys and sells, so it has the right amount of product on hand without tying up more cash than necessary.

At a large company, that process is usually a dedicated function with its own software and staff. At a small business, it’s typically one person, often the owner, doing it alongside sales, hiring, and everything else.

That difference shapes the whole approach. A small business can’t absorb the cost of overstock the way a larger one can, and it usually can’t negotiate the supplier terms that make just-in-time ordering low-risk. The goal isn’t to copy enterprise inventory practices at a smaller scale. It’s to run a version built for thin margins, limited storage, and one or two people managing it.

Why Small Businesses Struggle With It

The challenges are fairly consistent across industries, even though the products differ.

Knowing how much to buy. Order too much and cash sits on a shelf instead of in the business. Order too little and a customer walks out empty-handed or worse, buys from a competitor and doesn’t come back.

Limited space. Most small businesses don’t have a warehouse to absorb excess stock. A storage closet or a corner of the shop floor has to do double duty, which makes overbuying a physical problem as much as a financial one.

Manual tracking errors. Spreadsheets and handwritten logs drift from reality fast. A miscount here, a forgotten update there, and the numbers on paper stop matching what’s actually on the shelf.

Supplier leverage. Small businesses generally don’t have the order volume to negotiate the pricing or flexible terms that larger buyers get, which makes lead times and minimum order quantities harder constraints to work around.

Seasonal and demand swings. A slow month can look like healthy inventory levels right up until a rush hits and reveals how thin the buffer actually was.

None of these are solved by one trick. They’re solved by picking a method that fits the business and applying it consistently, which is the next section.

Core Inventory Management Methods

A handful of methods cover most of what a small business needs. Few businesses use just one; most combine two or three.

ABC Analysis

ABC analysis sorts inventory into three tiers based on value and sales impact, not just volume:

• A items : a small share of SKUs that drive the largest share of revenue or cost. These get the closest attention: frequent counts, tighter reorder rules, stronger supplier relationships.
• B items : moderate value, moderate attention. Monthly reviews are usually enough.
• C items : the bulk of the catalog by count, but a small share of value. Quarterly review is often sufficient, and some businesses move slow C items to special-order only.

The practical benefit is focus. A business with 500 SKUs doesn’t need to watch all 500 with equal intensity, it needs to watch the 50 or so that actually move the needle.

A quick example: a boutique candle shop carries 120 SKUs. Ranking them by annual revenue shows that 18 scented candles account for roughly 70% of sales – those become A items, checked weekly. The next 30 or so items (seasonal scents, gift sets) make up another 20% of revenue and become B items, reviewed monthly. The remaining 70-plus SKUs – one-off colors, discontinued scents still on the shelf – generate the last 10% and become C items, counted quarterly and candidates for clearance if they don’t move.

FIFO (First In, First Out)

FIFO means the oldest stock sells first. It’s standard for anything perishable or trend-sensitive – food, cosmetics, seasonal apparel – where holding onto older inventory too long turns it into a write-off. Rotating stock physically (older items to the front) makes FIFO easy to enforce without extra software.

Reorder Point (ROP)

The reorder point is the stock level that triggers a new order, calculated as expected demand during the supplier’s lead time, plus a buffer for uncertainty (safety stock):

Reorder point = (average daily sales × lead time in days) + safety stock

Example: a product sells 8 units a day, and the supplier takes 6 days to deliver. Lead-time demand is 48 units. Add a safety stock buffer of 15 units for demand variability, and the reorder point is 63 units – the moment stock hits that number, it’s time to order, not the moment the shelf looks low.

Economic Order Quantity (EOQ)

EOQ estimates the order size that minimizes total cost by balancing ordering costs (placing and receiving an order) against carrying costs (storing it). It’s most useful for A-tier items with steady, predictable demand for volatile or seasonal products, it tends to oversimplify.

Just-in-Time (JIT)

JIT means ordering stock to arrive right when it’s needed, minimizing how much cash sits in storage. It works well when suppliers are fast and reliable. For a small business with a single supplier and a multi-week lead time, it’s a riskier fit – a single delayed shipment can mean empty shelves with no buffer to absorb it.

Building an Inventory System, Step by Step

Most small businesses don’t need a sophisticated system on day one. They need a consistent one.

1. Pick one tracking method and commit to it. Spreadsheet, dedicated software, or a hybrid, the specific tool matters less than using it consistently. Switching methods every few months is what causes the drift that leads to phantom inventory: stock that exists on paper but not on the shelf, or vice versa.

2. Set par levels and reorder points for your top sellers first. Trying to calculate reorder points for an entire catalog on day one is a good way to never finish. Start with the 15–20 SKUs that drive most of the revenue, using the ABC framework above, and expand from there.

3. Build in cycle counting. Instead of one exhausting annual count, count a rotating slice of inventory on a regular schedule – A items weekly or biweekly, B items monthly, C items quarterly. Discrepancies get caught while they’re small, not after they’ve compounded for a year.

4. Connect inventory to your books. If sales, stock counts, and accounting live in three disconnected places, someone is doing manual reconciliation and manual reconciliation is where errors hide the longest. Setting up a solid framework for small business bookkeeping ensures your inventory costs accurately flow into your financial statements.

Spreadsheet or Software? Knowing When to Switch

A spreadsheet is a perfectly reasonable inventory system for a business with a small catalog and one sales channel. The signs it’s time to move on are fairly clear:

• Stock counts are wrong often enough that staff double-check before promising a customer availability
• The business sells across more than one channel (in-store, online, marketplace) and keeping them in sync manually eats real time each week
• Inventory tracking is taking hours a week that could go toward the business itself
• The business has outgrown a single location

When those signs show up, a handful of tools cover most small business needs:

Tool	Best for	Starting price*
Zoho Inventory	Multi-channel sellers (in-store, online, marketplace)	Free tier available; paid plans scale with order volume
Square for Retail	Businesses already using Square for point-of-sale	Free plan; paid tiers add barcode and vendor tools
QuickBooks Online (Plus/Advanced)	Single-location retailers or service businesses with a light product line	Add-on to an existing QuickBooks subscription
Katana	Small manufacturers and makers tracking raw materials and production	Paid plans only, no free tier

*Confirm current pricing directly with each vendor, plans and rates change frequently.

None of these is universally “best” – the right one depends on sales channels, whether the business manufactures anything, and what it already uses for point-of-sale or accounting. It’s worth testing free tiers or trials against actual order volume before committing to a paid plan. If the business is also choosing accounting software around the same time, best small business accounting software is worth reading alongside this, since the two decisions often affect each other.

Inventory KPIs Worth Tracking

A few numbers reveal whether an inventory system is actually working, beyond a gut sense of “we seem to be running low on things.”

Inventory Turnover Ratio

How many times inventory is sold and replaced over a period, calculated as COGS [cost of goods sold – the direct cost of the products a business sells, defined in detail in the IRS’s Tax Guide for Small Business] ÷ average inventory value. A low ratio suggests overstocking or slow-moving products; a very high one can mean the business is understocked and risking stockouts.

Carrying Cost

The cost of holding inventory, including storage, insurance, and capital tied up. It typically runs 20–30% of inventory value per year. When working with tight cash margins, cutting unnecessary overhead – whether by avoiding overstocking or using free payroll software for your team, helps keep operating capital free for inventory replenishment.

Stockout Rate

The share of demand that couldn’t be met because an item was out of stock. This one is easy to underestimate, since a stockout often shows up as a customer who simply leaves rather than a complaint that gets logged.

Sell-Through Rate

The percentage of received stock that actually sells within a given period. A consistently low sell-through rate on a product is usually the clearest early signal that it needs to be discounted, bundled, or dropped.

Mistakes That Quietly Cost Small Businesses Money

Buying in bulk without running the carrying-cost math. A supplier discount for ordering 500 units instead of 100 looks like savings on the invoice. If 300 of those units sit unsold for six months, the storage and capital cost can erase the discount entirely.

Counting inventory once a year and trusting the number the rest of the time. A lot can drift in eleven months. Cycle counting catches problems while they’re still small and cheap to fix.

Treating every sales channel as the same pool of stock. A business selling in-store and online without synced inventory will eventually oversell a product on one channel while it sits unsold in the other.

Ignoring supplier lead time until it becomes urgent. Reorder points built on the assumption that a supplier will always deliver on time tend to fail exactly when they’re needed most – during a supplier’s own busy season.

Not distinguishing A items from C items. Applying the same level of attention to a top seller and a slow-moving accessory wastes time on the products that matter least and under-manages the ones that matter most.

Where to Start

A small business doesn’t need every method in this guide running at once. The practical starting point is narrower: pick a tracking system, calculate reorder points for the products that actually drive revenue, and build in a counting rhythm that catches errors before they compound. Everything else – software, KPIs, more advanced methods like EOQ – is worth adding once that foundation is in place, not before.

A spreadsheet can track inventory for exactly as long as a business stays small enough that nobody minds double-counting a pallet or missing a reorder point. Past that, the gap between what the spreadsheet says is on the shelf and what’s actually there starts costing real money in rush shipping, in stockouts, in the customer who orders a product that quietly sold out three days ago.

That’s the problem inventory management software is built to solve, and there’s no shortage of it built specifically for small businesses. But “best” depends heavily on what kind of small business is asking. A boutique running one storefront on Square has almost nothing in common, inventory-wise, with a three-person team assembling furniture from raw materials, or a Shopify seller juggling stock across Amazon, TikTok Shop, and their own site. The tool that’s a perfect fit for one is often the wrong choice or wildly overpriced – for another.

Below are nine inventory management platforms worth considering, organized by the type of small business each one fits best, along with current pricing, so there are no surprises after the free trial ends.

Best Inventory Management Software at a Glance

Software	Best for	Starting price
Zoho Inventory	Overall value	Free; paid plans from $29/month
QuickBooks Online	Businesses that want accounting and inventory together	Plus plan, roughly $115–$140/month
Square for Retail	Brick-and-mortar retailers already on Square	Free; Plus plan $49/month per location
inFlow Inventory	Wholesale, distribution, and B2B	$129/month (billed annually)
Cin7 Core	Multichannel ecommerce brands	$349/month
Katana Cloud Inventory	Small manufacturers and makers	Starter Plan: Starts at $179/month
Ordoro	Ecommerce sellers who also need shipping/dropshipping	Free shipping tier; Inventory from $349/month
Sortly	Simple, photo-based asset and equipment tracking	Free; paid plans from $49/month
Lightspeed Retail	Growing, multi-location specialty retail	$89/month (billed annually)

What actually matters when comparing these tools

Before getting into the list, it’s worth being clear about what separates a genuinely useful inventory system from a glorified spreadsheet with a login screen. A few things matter more than the length of the feature list:

• Real-time syncing across sales channels. If stock counts update on a delay, overselling is only a matter of time.
• Order volume limits. Several platforms below cap how many orders or invoices a plan can process monthly – a business can outgrow a plan’s limits well before it outgrows the software itself.
• What it integrates with. An inventory tool that doesn’t talk to the accounting software, ecommerce platform, or POS system already in use just creates a second system to reconcile by hand.
• Pricing model. Some tools charge per user, some per order volume, some per location, and that structure can make a “cheaper” plan more expensive in practice, depending on how the business operates.

With that framework in mind, here’s the list.

1. Zoho Inventory : Best overall value

Best for: Small businesses starting out or replacing spreadsheets | Starting at: Free; paid plans from $29/month | Standout feature: A genuinely usable free plan plus native integration with the rest of the Zoho ecosystem

Zoho Inventory is the rare inventory platform that’s genuinely useful on its free plan, which makes it a sensible starting point for a small business that isn’t ready to commit to a monthly bill yet. The free tier covers 50 orders and 50 invoices per month for one user across two locations – thin, but enough to test whether the workflow fits before paying anything.

Paid plans scale cleanly: Standard runs $29/month (billed annually; $39 month-to-month) for 500 orders and three users, Premium is $79/month for 3,000 orders and five users, Plus is $129/month for 7,500 orders and ten users, and Enterprise tops out at $249/month for 15,000 orders. Every tier includes multichannel selling, warehouse management, and order fulfillment tools, and the platform integrates natively with the rest of the Zoho ecosystem – a real advantage for a business already using Zoho Books or Zoho CRM.

The trade-off is that Zoho Inventory’s advanced features, serial and batch tracking, for instance – are locked behind the Professional tier and above, so a business with compliance-heavy inventory (food, cosmetics, electronics with warranties) may need to budget for a higher plan sooner than the sticker price suggests.

2. QuickBooks Online : Best for businesses that want accounting and inventory in one place

Best for: Businesses that want inventory and accounting under one login | Starting at: Plus plan, roughly $115–$140/month (verify current rate) | Standout feature: Inventory synced directly with invoicing, COGS, and payroll

For a small business already doing its books in QuickBooks, adding a separate inventory platform means reconciling two systems that were never designed to talk to each other perfectly. QuickBooks Online sidesteps that by building basic inventory tracking directly into its Plus plan: quantity on hand, cost of goods sold [COGS, the direct cost of the products a business has sold], and purchase orders, all inside the same login used for invoicing and payroll.

Pricing here needs a caveat: Intuit has raised QuickBooks Online prices more than once through 2026, and third-party trackers currently disagree on the exact current rate for Plus, with figures ranging from roughly $115 to $140 per month depending on when they were last updated. The Plus plan supports up to five users and includes project profitability tracking alongside inventory.

The real limitation isn’t price, it’s depth. QuickBooks Online’s inventory tools cover the basics well but lack the multichannel, warehouse, and manufacturing features that dedicated inventory platforms offer. A business selling on three marketplaces or assembling products from components will likely outgrow it quickly.

3. Square for Retail : Best for brick-and-mortar retailers already on Square

Best for: Retailers already processing payments through Square | Starting at: Free; Plus plan $49/month per location | Standout feature: Inventory tools built into the same POS already running sales

Square for Retail makes the most sense for a business that’s already processing payments through Square and wants inventory tracking layered onto the same system, rather than bolted on separately. Under Square’s current unified pricing, the Free plan includes basic point-of-sale and inventory tools with no monthly fee, while Square Plus adds advanced inventory tracking, low-stock alerts, and purchase order management for $49 per month per location, with a reduced 2.5% + 15¢ in-person processing rate. Square Premium, aimed at higher-volume sellers, runs $149 per month per location with further-reduced processing fees.

Square for Retail’s inventory features are genuinely strong for a single-location or small multi-location retailer: cross-location stock transfers, vendor management, and barcode label printing are all included at the Plus tier. Where it falls short is scale, retailers running many locations or complex wholesale operations tend to find Square’s inventory tools thinner than purpose-built platforms like Lightspeed or Cin7.

4. inFlow Inventory : Best for wholesale, distribution, and B2B

Best for: Wholesalers and distributors managing vendor relationships alongside sales | Starting at: $129/month, billed annually | Standout feature: Built-in B2B showroom for wholesale ordering

inFlow is built around a workflow that a lot of inventory software treats as secondary: selling to other businesses rather than directly to consumers. Its built-in B2B showroom, purchase-order-heavy design, and strong barcode and label tools make it a natural fit for wholesalers and distributors who spend as much time managing vendor relationships as they do sales.

Pricing starts at $129/month (billed annually) for the Entrepreneur plan, which includes two team members and 1,200 sales orders per year, but caps users at a single inventory location. The Small Business plan, inFlow’s most popular tier, runs $349/month for five team members, 12,000 annual orders, and unlimited locations. Mid-Size jumps to $699/month with unlimited orders, and Enterprise pricing is custom. inFlow also sells a separate, cheaper Manufacturing product for businesses that assemble finished goods, and a bare-bones Stockroom app (from $99/month) for simple scan-in, scan-out tracking.

The entry-level plan’s single-location limit is worth flagging: a small business planning to add a second warehouse or storefront will need to budget for the $349/month tier from the start, not the $129 headline price.

5. Cin7 Core : Best for multichannel ecommerce brands

Best for: Brands selling the same products across several channels at once | Starting at: $349/month | Standout feature: Real-time stock sync across every connected sales channel

Cin7 Core : formerly known as DEAR Systems before its 2022 rebrand – is built for businesses selling the same products across several channels at once: a Shopify store, an Amazon listing, a wholesale account, maybe a physical pop-up. Its strength is keeping stock levels synchronized across all of them in real time, so a sale on one channel doesn’t lead to overselling on another.

The Standard plan costs $349/month for five users, two ecommerce integrations, and roughly 6,000 orders per year (about 500 a month). Pro runs $599/month with more users and integrations plus manufacturing resource planning [MRP, tools for scheduling production and tracking materials] features, and Advanced reaches $999/month for high-volume operations needing warehouse management. Cin7 also offers a separate enterprise product, Cin7 Omni, with custom pricing.

Cin7 Core is priced well above the entry-level tools on this list, which makes it a harder sell for a business just starting to outgrow spreadsheets. It earns that price for a business already selling on multiple channels – the alternative, reconciling stock across platforms by hand, tends to be more expensive in the long run through overselling and refunds.

6. Katana Cloud Inventory : Best for small manufacturers and makers

Best for: Businesses that turn raw materials into finished products | Starting at: $179/month | Standout feature: Bill-of-materials and real-time raw-material allocation built for production

Most inventory software assumes a business buys finished goods and resells them. Katana assumes the opposite: that raw materials go in, and a different, finished product comes out – the exact workflow a small manufacturer, food producer, or maker business needs and generic inventory tools don’t handle well.

Katana offers a free plan limited to 30 SKUs and one location, useful mainly for testing the platform. The paid Core plan starts at $299/month and includes bill-of-materials tracking, production scheduling, and real-time raw material allocation. Katana’s pricing model has shifted more than once in recent years, and several add-ons – warehouse management, batch traceability, and advanced manufacturing routing, are priced separately from the Core plan, which can push the effective monthly cost considerably higher for a business that needs them.

That pricing structure is the main thing to watch. Katana is genuinely well-suited to small manufacturers, but a business with modest order volumes and lower-priced items should model the full cost, add-ons included, before committing – several reviewers report the order-based pricing scaling faster than expected as sales grow.

7. Ordoro : Best for ecommerce sellers who need shipping and dropshipping bundled in

Best for: Ecommerce sellers who want shipping, inventory, or dropshipping without paying for all three | Starting at: Free shipping tier; Inventory app from $349/month | Standout feature: Modular apps you can mix and match instead of one bundled platform

Ordoro splits itself into three separate apps – Shipping, Inventory, and Dropshipping – that a business can mix and match rather than paying for a single bundled platform. That’s useful for an ecommerce seller who mainly needs discounted shipping labels today but expects to need inventory or dropship automation later.

The Shipping app has a genuinely free tier (100 labels per month, one user) with an Advanced plan at $59/month for higher volume. The Inventory app starts at $349/month for the Advanced tier and $499/month for Premium, which adds purchase orders and bill-of-materials tracking. The Dropshipping app, aimed at businesses that route orders to suppliers rather than holding stock themselves, starts at $299/month. Bundling all three requires contacting Ordoro’s sales team for custom pricing.

The modular pricing is a double-edged sword: it lets a small business pay only for what it needs right now, but the Inventory app alone starts well above what Zoho or Square charge for comparable core functionality – Ordoro’s real value shows up for businesses that actually need the shipping and dropshipping pieces alongside it, not for inventory tracking in isolation.

8. Sortly : Best for simple, photo-based tracking

Best for: Tracking equipment, tools, or supplies rather than retail inventory | Starting at: Free; paid plans from $49/month | Standout feature: Visual, photo-first interface with no sales or order-management layer to learn

Not every small business is tracking retail inventory. Sortly is built for the ones tracking equipment, tools, supplies, or materials – a contractor’s van inventory, a salon’s product backstock, a nonprofit’s donated goods – where a visual, photo-first interface matters more than purchase orders or multichannel sync.

Sortly’s free plan covers basic tracking for a single user. Paid plans start at Advanced ($49/month), then Ultra ($149/month) for growing teams, and Premium ($299/month) for businesses needing custom reports and deeper QuickBooks integration; an Enterprise tier is available on request. Every paid plan includes barcode and QR scanning, low-stock alerts, and custom folders and tags for organizing items by job, project, or location.

Sortly’s limitation is built into what makes it simple: it’s not a sales or order management platform. A retailer or ecommerce seller processing transactions will need something else entirely; Sortly earns its place on this list specifically for the small businesses tracking physical items that never go through a checkout.

9. Lightspeed Retail : Best for growing, multi-location specialty retail

Best for: Specialty retailers outgrowing single-location simplicity | Starting at: $89/month, billed annually | Standout feature: Deep product-variant and vendor management built for specialty categories

Lightspeed Retail positions itself a step above Square for a retailer that’s outgrowing single-location simplicity – specialty stores in categories like apparel, jewelry, sporting goods, and furniture, where product variants, vendor relationships, and multi-location stock transfers get complicated fast.

The Basic plan runs $89/month billed annually ($109 month-to-month) for one register with integrated payments and core inventory tools. Core, Lightspeed’s most popular tier, is $149/month annually ($179 monthly) and adds loyalty programs and deeper reporting. Plus reaches $289/month annually ($339 monthly) with custom reporting and API access, and Enterprise pricing requires a custom quote. Each tier includes one register; additional registers and multi-location setups typically require a conversation with Lightspeed’s sales team rather than a published per-location rate.

The trade-off for that retail-specific depth is cost and complexity relative to Square: a single-location boutique that doesn’t need Lightspeed’s variant and vendor management may find it more software than necessary, and pricier than a comparable Square Plus setup.

Choosing between them

There isn’t a single best answer here, and that’s really the point, the right platform depends on whether the business is reselling finished goods, building products from raw materials, selling on one channel or six, and how much it’s already invested in an existing POS or accounting system. A business already running QuickBooks or Square has a real head start using the inventory tools built into what it already pays for; one that’s outgrown those basics will get more value from a dedicated platform like Zoho, Cin7, or inFlow, even at a higher monthly cost.

NEW YORK — Harvey Weinstein, the disgraced former Hollywood producer whose downfall helped ignite the global #MeToo movement, was sentenced Wednesday to 15 years in prison in Manhattan for sexually assaulting a former production assistant in 2006, closing out a New York legal saga that has spanned more than six years, two convictions and a reversal by the state’s highest court.

Weinstein, 74, was convicted last year at a retrial of first-degree criminal sexual act for assaulting Miriam Haley, a former “Project Runway” production assistant, at his Manhattan apartment in 2006. The retrial followed the 2024 reversal of Weinstein’s original 2020 conviction and 23-year sentence, after New York’s highest court ruled he had not received a fair trial due to the inclusion of testimony from accusers whose allegations were not part of the formal indictment.

At the 2025 retrial, the jury convicted Weinstein again on the charge involving Haley, while acquitting him of a separate count involving model Kaja Sokola and deadlocking on a third-degree rape charge tied to an allegation from Jessica Mann. Manhattan prosecutors ultimately dropped the Mann charge rather than pursue a fourth trial, after Mann said she could not bear to testify again, a decision that cleared the way for Wednesday’s sentencing.

Manhattan Supreme Court Justice Curtis Farber, who presided over the sentencing, delivered a pointed rebuke of Weinstein from the bench. “You will be remembered for the many wonderful films you brought to the silver screen, but recognition for these achievements will pale … for what you did, for what you became. A sexual predator. The literal face of the MeToo movement,” Farber said. He continued, “You took what you wanted by force, and you have never accepted responsibility.”

Prosecutors had sought a 20-year sentence, while Weinstein’s defense attorneys had asked for nine years; Farber’s 15-year sentence fell between the two requests. Weinstein had faced a maximum of up to 25 years for the charge.

Haley addressed the court directly before sentencing, delivering a victim impact statement describing the toll the yearslong legal process has taken on her. “Having been sexually assaulted by Harvey Weinstein has had a devastating effect on my life and sense of security that may never go away,” Haley said. “Making the decision to speak up will have me looking over my shoulder for years to come.” She described the experience of testifying against Weinstein across multiple trials as compounding her trauma. “I’ve been further traumatized in exercising my right to hold him accountable,” she said, later adding, “It has often felt like I was the one on trial. This process has been the worst decision of my life, for me personally. I considered pulling out so many times.” Haley, who first testified against Weinstein in 2020 before his conviction was later overturned, said she hoped Wednesday’s proceeding would mark the final time she would need to face him in court. “I certainly didn’t think I’d be standing here again six years after the first conviction,” she said, adding that she trusted it would be her last.

Weinstein addressed the court as well, maintaining his denial of the underlying allegations while offering a limited apology. He apologized “to anyone I may have hurt by my actions” but insisted he never violently attacked anyone. Weinstein appeared in the courtroom in a wheelchair, with his hands cuffed to his seat.

Weinstein has remained incarcerated since his original 2018 arrest, cycling through New York’s prison system amid the repeated retrials, appeals and judicial proceedings that have defined the case. He is currently held at Rikers Island, where he has spent time moving between the general prison population and a secure hospital ward due to ongoing health issues. Weinstein has separately complained publicly about the conditions of his confinement, describing his treatment at Rikers as “torturous” and saying he believes he has been denied basic human rights and treated worse than an animal.

Once one of the most powerful figures in the entertainment industry, Weinstein produced or oversaw a string of acclaimed films, including “Shakespeare in Love,” “Pulp Fiction” and “Chocolat,” before sexual assault allegations became public in 2017 and triggered what grew into the broader #MeToo movement, ultimately drawing accusations from nearly 100 women against him.

Wednesday’s sentencing does not resolve all of Weinstein’s outstanding legal matters. He still faces resentencing in California, where an appeals court vacated his original 16-year sentence tied to a 2013 conviction for raping and sexually assaulting an Italian model and actor at a Los Angeles hotel. It remains unclear whether any new California sentence would run concurrently or consecutively with his New York sentence, and no date has yet been set for that resentencing proceeding. Weinstein is expected to appeal Wednesday’s sentence.

With Wednesday’s sentencing concluding the New York chapter of Weinstein’s legal reckoning, barring a successful appeal, he is expected to remain incarcerated well into his 80s, closing out a case that has stretched across nine years since the allegations against him first became public and helped reshape public conversation around sexual misconduct in the entertainment industry and beyond.

LeBron James has joined Mike’s Red Tacos as an investor ahead of the fast-growing birria chain’s expansion into Los Angeles, the latest addition to an investment portfolio the 41-year-old NBA star has built into one of the most extensive among active professional athletes as he prepares for what may be his final season on the court.

James joined Mike’s Red Tacos just days before the company opens its first Los Angeles-area location in Pasadena. In a statement announcing the investment, James explained what drew him to the brand. “I love tacos, and I especially love how they bring people together to create traditions and share great moments around the table with family and friends,” James said. “In addition to having an incredible taco, Mike’s Red Tacos brings those same values to life in a fresh, new way for consumers.” He went on to describe his confidence in the company’s leadership. “With this leadership team, I see a group that is building something authentic with a long-term vision, and I wanted to be part of helping bring that experience to more communities.”

Mike’s Red Tacos Chief Executive Officer Andrew Feghali welcomed James’s involvement, framing it as part of a broader strategy of backing founder-led brands rather than fleeting trends. “We’re not interested in trend-chasing brands,” Feghali said. “We’re interested in founders building something enduring. Mike did that with a focused menu, chef-driven food, and a loyalty most brands never earn.” Feghali said James’s involvement would help accelerate the company’s growth. “Adding LeBron and an experienced restaurant leadership team gives Mike’s the megaphone it deserves, the resources to scale what’s already working, and the platform to become a category-defining brand.”

The specific financial terms of James’s investment in Mike’s Red Tacos have not been publicly disclosed.

The Mike’s Red Tacos deal is only the latest addition to a sprawling investment portfolio James has assembled over the course of his more than two-decade NBA career. His holdings now span Fenway Sports Group, the ownership group behind Liverpool FC, the Boston Red Sox and the Pittsburgh Penguins; The SpringHill Company, his own media and entertainment venture; pizza chain Blaze Pizza; headphone maker Beats by Dre; fitness wearable company Whoop; Canyon Bicycles; fitness technology firm Tonal; sports data company StatusPRO; Fantasy Life; skincare brand Neutral; ride-hailing company Lyft; and a Major League Pickleball franchise, reflecting a deliberate strategy of diversifying across sports, media, consumer products, fitness technology and hospitality rather than concentrating his outside business interests in any single sector.

That pattern of investment activity has continued even as James enters a season many around the league view as likely to be his last. James signed with the Philadelphia 76ers on a two-year contract that includes a player option, the smallest playing contract of his career, as he begins his 23rd NBA season. Despite the modest size of that on-court deal relative to his earlier contracts, James has continued layering additional income streams on top of his playing career through both endorsement deals and equity investments in a wide range of companies, a strategy that has made his total earnings considerably larger than his official playing salary alone would suggest.

James has spoken publicly and often about his approach to retirement in recent seasons, without committing to a firm timeline for stepping away from the game entirely. As he enters this stretch of his career, attention has increasingly turned to how he plans to build out his post-playing business interests, with his continued pace of new investments, including the Mike’s Red Tacos deal, offering one indication of the kind of ventures he intends to remain engaged with once his playing days conclude.

James’s business ventures have generally centered on brands he describes as authentic and community-oriented, a theme reflected clearly in his stated rationale for investing in Mike’s Red Tacos specifically. That approach mirrors the framing James has used for several of his other investments over the years, often emphasizing founders with a clear, focused vision and products with genuine consumer loyalty rather than businesses built primarily around short-term trends or his own personal brand alone.

Mike’s Red Tacos, known for its slow-braised birria served with a signature consome for dipping, began as a single San Diego food truck before expanding into a broader network of restaurants and franchise agreements across multiple states. The company’s move into the Los Angeles market, one of the country’s most closely watched and competitive dining scenes, represents a significant test of the brand’s ability to scale beyond its original Southern California customer base, a challenge James’s investment and public endorsement are intended to help the company navigate as it continues its national expansion.

With James continuing to add new ventures to an already extensive investment portfolio even as he approaches what could be the final season of his playing career, his business interests appear likely to remain an active and closely watched part of his broader public profile regardless of when he ultimately decides to step away from professional basketball.

As physical security merges with digital infrastructure, companies across the UK are reassessing what it actually means to keep a building safe.

The Hidden Cost of Traditional Locks

Mechanical locks feel dependable because they’re familiar, but that familiarity hides a lot of inefficiency. Every lost key represents a potential vulnerability, and rekeying an entire building after a security breach can take days and cost thousands of pounds. For organisations with several locations, the logistics multiply quickly. Someone has to physically distribute keys, track who holds which one, and update records whenever staff join or leave.

This administrative burden often goes unnoticed until something goes wrong. A facilities manager might spend hours each month just managing access rights manually, time that could be spent on more valuable tasks. The inefficiency isn’t dramatic, but it accumulates steadily in the background.

How Digital Access Is Changing the Equation

Digital access control systems have addressed many of these problems by moving key management into software. Instead of physical keys, staff use credentials stored on a phone, fob, or card, which can be issued or revoked instantly. This shift matters most for businesses with irregular staffing needs, such as retailers with seasonal workers or offices with contractors who only need access for a limited period.

Cloud based access control takes this further by allowing permissions to be managed remotely, without needing someone on-site to reprogram a lock or collect a key. A property manager overseeing several buildings can grant or restrict access from a single dashboard, regardless of where they’re physically located. This is particularly useful for organisations managing warehouses, retail units, or multi-tenant office spaces, where access needs shift constantly and speed matters.

Beyond convenience, there’s a security argument too. Cloud-based systems typically log every entry attempt, creating an audit trail that traditional locks simply can’t provide. If an incident occurs, businesses can review exactly who accessed a space and when, rather than relying on guesswork or CCTV footage alone.

Where Physical Security Still Plays a Role

Not every access point sits neatly indoors. Storage containers, gates, and outdoor equipment often need protection too, and this is where hardware innovation has caught up with software. A Smart padlock works on similar principles to digital door locks, using electronic credentials instead of physical keys, but is built to withstand outdoor conditions and rougher handling.

This matters for sectors like construction, logistics, and utilities, where equipment is frequently moved between sites and traditional padlocks are easy to lose or duplicate without anyone noticing. Combining these devices with a centralised access system means businesses can maintain consistent security policies across both buildings and outdoor assets.

• Reduced administrative time spent managing physical keys
• Instant revocation of access when staff leave or credentials are lost
• Detailed audit trails for compliance and incident investigation
• Consistent security standards across indoor and outdoor assets

What This Means for Businesses Going Forward

The shift toward digital access isn’t about chasing trends, it’s a practical response to how workplaces actually function today. Hybrid working, multi-site operations, and higher staff turnover all demand more flexibility than a traditional lock and key can offer. Businesses that adapt early often find the transition pays for itself through reduced administrative overhead and fewer security incidents.

For companies still weighing up whether to modernise their security setup, the question isn’t really whether digital access control works, but how soon they can implement it without disrupting daily operations. Given the pace at which workplace needs continue to shift, that decision is becoming harder to postpone.

Shares of BSE fell 1.5% on Thursday as its rival National Stock Exchange (NSE) made a muted market debut today on Asia’s oldest stock exchange, while Macquarie initiated coverage with an ‘Outperform’ rating and target price implying over 22% upside potential.

BSE shares fell to Rs 3,221 apiece, as NSE shares listed on its platform. The latter debuted with a market capitalisation of more than Rs 4.45 lakh crore to emerge as the second-listed stock exchange in India. Notably, NSE’s market cap is sharply higher than the Rs 1.33 lakh crore market cap BSE currently commands.

Also read | NSE IPO shares all set to list: GMP signals 2% listing gain ahead of market debut

The company’s initial public offering was launched earlier this month to raise Rs 22,562 crore entirely through an offer for sale (OFS) of 12.64 crore shares by existing shareholders. This means none of the IPO proceeds will go to NSE, as they will be received by the selling shareholders.

NSE shares were offered at a price band of Rs 1,700 to 1,785 apiece. With a lot size of 8 shares, the minimum retail application amount comes to Rs 14,280. A day before the IPO opened for public bidding, the stock exchange raised Rs 6,746 crore from more than 150 anchor investors.

Macquarie on BSE share price

Macquarie initiated coverage on BSE shares with an ‘Outperform’ rating and a target price of Rs 4,000 apiece, implying over 22% upside potential from the stock’s previous closing price of Rs 3,270.7 apiece.
The international brokerage says BSE offers an opportunity to participate in share gains in cash equities and F&O and non-transaction revenue growth.

BSE share price

BSE shares, meanwhile, have seen sharp swings this year. The stock saw a downturn last month after market regulator Sebi introduced the new Closing Auction Session (CAS). The stock again gained investor interest this month amid the buzz around NSE’s market debut on the stock exchange.

The shares of the company have overall gained around 25% in 2026 so far, although they have fallen a little over 1% in a month. In the longer term, the shares of the company jumped 57% in one year, and delivered multibagger returns of more than 720% in three years and 2,413% in five years.

Read more: NSE IPO Tracker: Catch all the highlights here

Other brokerages on BSE share price

Nuvama last month downgraded the stock’s rating to Hold from Buy, and slashed its target price to Rs 3,240 apiece from Rs 4,090 apiece, listing three key headwinds converging in FY27. The newly introduced closing auction session (CAS) has led to huge confusion among traders, resulting in lower participation. Nuvama highlighted that BSE’s index option premium volumes (ADPTV) of Rs 18,100 crore are the lowest since January 2025.

RBI’s bank guarantee norms are the second leg, and they arrive precisely as CAS impact could heal, according to Nuvama. Additionally, the brokerage highlighted that BSE’s contract share of nearly 51.5% is already high, but ADPTV’s share remains lower at around 36%, due to a lower mix of non-expiry-day contribution. This is limiting incremental upside from further share gains.

Also read | BSE shares drop after second downgrade in two days. Nuvama lists CAS among 3 key headwinds

Jefferies has an ‘Underperform’ rating on the shares of BSE with a target price of Rs 2,940 apiece, implying more than 10% downside potential from the stock’s previous closing price of Rs 3,270.70 apiece on NSE. The international brokerage flagged risks to BSE’s revenue from domestic proprietary traders, who account for around 50% of notional turnover. It sees headwinds from the STT hike, RBI’s bank guarantee norms and the Closing Auction Session (CAS).

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

Entrepreneurs should not be “put off” building multi-generational businesses by inheritance tax on the transfer of business assets, Emma Reynolds, the chief secretary to the Treasury, has said.

Reynolds made the comments during a visit to Numatic International, the maker of the Henry vacuum cleaner, in Chard, Somerset. The company is one of 130 manufacturers opening their doors to the public today for National Manufacturing Day, an initiative organised by the trade body Make UK.

Numatic was founded in 1969 by Chris Duncan, 86, who remains chief executive and majority owner. It employs 1,100 people, has annual turnover of £260m and made pre-tax profits of £28m in 2024, according to its latest available accounts.

Since April, depending on the arrangements he has made, Duncan’s estate could be liable on his death to pay 20 per cent inheritance tax on the value of the business.

Reynolds acknowledged the issue but said the government had listened to concerns and raised the value of business assets that can be passed on free of the tax to £2.5m.

Reynolds described Numatic as a “very impressive business”. She said: “We do want wealth creators and successful businesses. We want people turning small ideas into brilliant businesses.”

Addressing people building businesses, she added: “Please don’t be put off [by inheritance tax]. Britain has some very big strengths. The economic fundamentals are good. We’ve got the highest growth in the G7. And we’re cutting the deficit more quickly than any other G7 country.”

The rules that came into force in April give 100 per cent relief on the first £2.5m of business or agricultural property. Value above that threshold is taxed at an effective rate of 20 per cent. According to the government’s policy paper on the reforms, the allowance was increased from £1m in December 2025, any unused amount can pass to a surviving spouse or civil partner, and tax owed can be paid in equal annual instalments over 10 years, interest-free.

A survey by Make UK and Bishop Fleming earlier this year found that 22 per cent of family-owned manufacturers were weighing a sale to a foreign buyer in response to the reforms.

Reynolds rejected criticism that the Treasury acts as a “growth inhibitor”. In August the prime minister, Andy Burnham, gave responsibility for economic growth to his newly created No 10 North policy unit, and told The Times that the department’s focus on balancing the books “sometimes clouds that growth mission”.

Reynolds said the Treasury was “working hand in glove” with No 10 North. “I disagree that the Treasury is a growth inhibitor,” she said. “We, as a department, have two big responsibilities.”

Asked about concerns that the Treasury is considering raising capital gains tax again, potentially to match income tax rates, she said: “I can’t give any reassurance on the budget.” She said the budget was being held earlier than last year partly to reduce speculation, which she described as “very often inaccurate and unhelpful”.

She said the chancellor, John Healey, would use the budget to create “breathing space” for businesses and families.

Simon Lawson, Numatic’s managing director, said his main message to the minister was to buy British. “It is important for government, businesses and individuals to buy British at the moment. It is the one thing we can all do that is good for our economy,” he said. Reynolds said this was a “key focus” for the Treasury and that further plans would be set out.

Reynolds also acknowledged the impact of high energy prices on manufacturers, saying “We’ve got to deal with that.” On Tuesday, Ineos said it was mothballing three plants in Hull, with owner Sir Jim Ratcliffe citing Britain’s “ridiculously high gas price”. The TUC said this week that UK manufacturing jobs have fallen by 200,000 since 2010.

Numatic has installed a seven-acre solar farm that supplies 30 per cent of the site’s electricity and is investing £65m in a new manufacturing facility and warehouse, due to be fully operational in 2028. “We want to continue making products here in Chard for the next generation and this investment enables that,” Lawson said.

Bank of America is expanding its skills-based hiring efforts, announcing Thursday that it will hire 1,000 additional apprentices over the next two years while investing $150 million in workforce development programs.

The Charlotte, North Carolina-based bank said the new apprenticeship positions will span consumer banking, technology, operations and other business areas, building on the more than 800 apprentices it already hires each year through paid work-based learning programs.

“This is one more way for us to do what we can to help create a skilled American workforce for tomorrow,” Brian Moynihan, chair and CEO of Bank of America, said in a statement. 

“Our apprenticeship and workforce development programs underscore our continued commitment to expanding opportunity and helping talented individuals develop the skills to succeed.”

BANK OF AMERICA UNVEILS $250B INITIATIVE TO MODERNIZE US INFRASTRUCTURE

Moynihan added, “We appreciate the spirit of reform and practicality that the Department of Labor is bringing to this important work, which will lead to opportunities for the private sector to do even more.”

The announcement comes as employers across industries increasingly adopt skills-based hiring practices that place less emphasis on college degrees.

Bank of America said about 40% of its current hires do not have a bachelor’s degree.

The bank has also committed to hiring 10,000 additional workers with military backgrounds over five years and another 8,000 people from community colleges.

BOFA CEO BRIAN MOYNIHAN DISMISSES RECESSION FEARS DESPITE WALL STREET’S MOST HAWKISH FED FORECAST

Alongside the hiring push, Bank of America said it will invest $150 million over the next five years in workforce development organizations that “equip individuals with in-demand skills and connect them to career opportunities.”

The commitment follows nearly $40 million the bank invested in workforce development last year through partnerships with more than 100 colleges and universities and over 600 nonprofits.

“American workers deserve the opportunity to build successful careers without leaving their hometowns,” Acting Secretary of Labor Keith Sonderling said in a statement.

“I applaud Bank of America for investing in apprenticeship and workforce development programs that prepare Americans for high-skilled, high-paying jobs while helping employers build the skilled workforce they need in their local communities,” Sonderling added.

BANK OF AMERICA TO HIRE NEARLY 4,000 SUMMER INTERNS AND CAMPUS RECRUITS

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The apprenticeship expansion comes as Bank of America continues to invest in its workforce and the broader U.S. economy.

Last month, the bank unveiled a $250 billion initiative to finance infrastructure projects, including data centers, semiconductor facilities, power generation and transportation. Earlier this year, it also announced plans to hire nearly 4,000 summer interns and full-time campus recruits.