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Tractor Supply's Strategy: Avoiding Head-to-Head Competition with Giants
Tractor Supply has found success by avoiding direct competition with giants like Lowe's and Home Depot. They adopt a judo strategy, utilizing the giants' strengths against them. Tractor Supply offers an eclectic product mix, focusing on items like barn supplies and tractor paint instead of directly competing in areas like home construction materials. This approach has helped them carve out a niche and stand out in the market.