Save Big Now Multi-Location Retail Chains Secure Deals
Strategies for Securing the Best Deals
One of the primary strategies employed by multi-location retail chains is bulk purchasing. By buying in larger quantities, these chains can negotiate substantial discounts with manufacturers and suppliers. For example, a chain like Walmart uses its massive purchasing power to negotiate lower prices, which it then passes on to its customers1.
Another effective strategy is forming strategic partnerships with key suppliers. These partnerships often include exclusive agreements that provide the retail chain with unique products or services at a reduced rate. For instance, Target has been known to collaborate with designers to create exclusive lines that are only available in their stores2.