
Here’s this week’s Retail Tip of the Week, and it tackles a trap many independent retailers fall into without even realising it.
Comparing themselves to big box competitors – the big multiples.
It usually shows up in conversations like:
“The local xxx chain are selling steak cheaper than us.”
“Supermarkets have chicken on offer this week.”
“Customers can get that product cheaper elsewhere.”
And while those statements might be true, they miss a much bigger point.
You’re not playing the same game.
Multiples compete on scale, convenience and price.
Independent food retailers win on something very different.
Knowledge.
Provenance.
Craft.
Service.
Experience.
Your customer isn’t just buying a product.
They’re buying advice.
They’re buying trust.
They’re buying confidence that someone knowledgeable has selected, prepared or produced that food properly.
When we start comparing ourselves directly to supermarkets, we unconsciously shift the conversation towards price, which is exactly where they’re strongest.
Instead, great independent retailers do something else.
They lean into what makes them different.
They talk about where the product came from.
How it was made.
Why it’s better.
What to cook with it.
That’s where your real strength sits.
A quick win for this week:
Listen to the conversations happening on your counter.
Are you and your team silently comparing yourself to supermarkets?
Or confidently explaining what makes your products special?
Because the moment you stop trying to compete like a supermarket…
…is the moment customers start seeing you as something better.
Food for thought this week.
Have a great day.
Mark