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Making the most of discount stores can aid in improving your company's bottom line without sacrificing quality or aesthetic appeal. All types of new start-up companies that don't expect to operate in the black until after the first few years should especially watch costs closely, comparison shop and look for the deals at discount department stores, discount furniture stores and other stores with discounted merchandise. Read More »
Source: /guides/discount-stores-16043/
If you're like many small businesses, discount stores can help you because you're always looking for ways to save money. From paperclips to paper cups, businesses often need a variety of items. Read More »
For the typical small business owner, particularly those in the retail trade, discount stores present unwelcome competition that seems difficult to overcome. Because of its large size and significant buying power, a discount store is able to offer prices that few small businesses can match. However, the competition of discount stores and chains does not necessarily mean disaster for a small business, since most small businesses have a unique place in today's market.
While most small businesses may not be able to compete with the cheap prices that discount chains offer, many consumers place value over price. Even in today's weakened economy, many of the businesses in existence are small businesses. So many small businesses have survived the tough market because of what they alone can offer consumers. Many small businesses provide service and specialization that can not be matched by discount stores.
Small businesses can gain and keep customer loyalty by emphasizing the unique needs met by the business, the connection to community, and quality service. These are all areas that many discount chain stores fail to flourish in. To read more about how small businesses are surviving and thriving in competition with discount stores, view the articles on Business.com.