International Retail Service
International retail service refers to the provision of goods or services by retail businesses to consumers across international borders. Retailers operating globally use international retail services to expand their customer base by selling products to different countries through online platforms, physical stores, or partnerships. International retail service providers must manage logistics, local regulations, currency fluctuations, and cultural preferences to succeed in foreign markets.
Example
An American fashion brand expands into Europe by establishing an online store that offers international shipping and caters to local preferences and payment methods.
Key points
• Refers to retail operations that sell goods or services across international borders.
• Retailers manage logistics, regulations, and cultural preferences when entering foreign markets.
• Can include online platforms, physical stores, or partnerships.
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