Australian SME retailers are in a position to benefit from the impending invasion of large overseas stores, according to retail consultant Phil Bonanno.
Speaking with The Daily Telegraph, Bonanno predicts that huge discount stores like Costco and Wal-Mart could challenge local retail majors but assist SMEs thanks to the 'remora' effect.
A type of fish that attaches itself to sharks and other large sea dwellers, the remora receives free transport, security and food scraps from its host.
Like the remora, it's suggested SME stores that are positioned close to large retailers will prosper because of their ability to give consumers a quick fix or specialist experience.
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