The Time Is Ripe For Smaller Retailers To Compete Against The Giants

RSR Retail Systems Research looks into the challenges that smaller retailers face in the global market and how ecUtopia is answering the call.

“We are living through an extremely hyper-competitive retailing era. In a world seemingly dominated by retail giants, it’s easy to wonder how a smaller retailer can possibly survive and thrive. Still, there are real indications, both societally and practically that the opportunity is there.

Consumers crave curated assortments. Their time is important to them. Giant retailers tend to have broad assortments, which can be a turn-off to shoppers. Those retailers struggle but are thus far challenged to pivot their strategies. Consumers are also eager to support smaller businesses. There is a certain societal weariness of retail giants.

We know the market is there. We know the consumer needs are there. But are the profits also there? In today’s world, speed and information are important currencies. In this piece, we’ll talk about the opportunity to get faster to improve both top- and bottom-line results and find ways to do this without breaking the bank on costs.”