For small retailers, it can be very challenging to compete with big retail. Since the rise of the supermarket, hypermarkets and discount stores, small retailers have had a difficult time. For example, in the 1960s, the UK had just six supermarkets, and by 1970, there were more than 3,000. Now, there are over 10,000 supermarkets, which is a big challenge for smaller retailers.
But there are ways to compete with big retail. Whether you want to sell clothes online, offer a custom order service, or offer a personal shopping experience, there are ways to outperform big chains. For one thing, you can be more responsive to your customers’ needs. Using POS software can make it easy to deal with special orders, which can help you gain a competitive advantage.
It can be difficult to compete with the big brands when you are starting a business. It’s not enough to offer great products and services – you also need to understand how to market them. Many small businesses don’t fully understand marketing and social media. It can be devastating to your business if you don’t have the proper tools to reach your target market. Luckily, there are several things you can do to increase your sales 20% or more! The struggle for small businesses to compete with big retail stores is real. Since the 1960s, the number of supermarkets, discount stores, and hypermarkets has skyrocketed. In 1960, Britain had less than six hundred supermarkets; by 1970, there were almost 5,000. Today, there are more than ten thousand.