Can a Little Store Compete with the Retail Giants?
By Richard Parker: President of The Resource Center for A Retail Business™ and author of How To Buy A Good Retail Business At A Great Price© . You’re thinking of buying a store. What a great idea! The problem is, you’re worried that your retail enterprise will never be able to compete against the mega-retailers. You’re right to be worried, but the information in this article will put your mind to rest. So, will those giants make it impossible for your store to survive? The simple answer is, NO! Mega-stores make it harder for smaller stores to compete. But impossible to survive? Hardly. What You Are Up Against You have to accept the fact that huge retailers have competitive advantages that no smaller store can match. If you buy a toy store, for example, you will never be able to buy your merchandise in the vast quantities of a Wal-Mart, a Toys “R” Us, or any other big-box retailer. You will never be able to offer your customers the same low prices either. (And you have to be aware that
