The global retail industry has witnessed profound transformations due to the increasing interconnectedness of economies and the evolving consumer behavior. This paper explores various retail management strategies that have been instrumental in the success of businesses operating in diverse international markets. It delves into the challenges faced by retailers in adapting to different cultural, legal, and economic environments and presents strategies to overcome these barriers. The strategies discussed include localization of products and services, supply chain optimization, leveraging technology, and implementing effective marketing and promotional campaigns. The paper highlights the importance of understanding local consumer preferences and integrating sustainable practices into retail operations. Additionally, it examines the role of globalization in shaping retail strategies and the need for continuous innovation to maintain a competitive edge. Through a comparative analysis of case studies, the paper illustrates the effectiveness of these strategies in achieving sustainable growth and profitability in the global retail landscape.
Thomas, S. (2022). Retail Management Strategies in Global Markets. International Review of Business & Management, 4(2), 34. doi:10.69610/j.irbm.20221115
ACS Style
Thomas, S. Retail Management Strategies in Global Markets. International Review of Business & Management, 2022, 4, 34. doi:10.69610/j.irbm.20221115
AMA Style
Thomas S. Retail Management Strategies in Global Markets. International Review of Business & Management; 2022, 4(2):34. doi:10.69610/j.irbm.20221115
Chicago/Turabian Style
Thomas, Sophia 2022. "Retail Management Strategies in Global Markets" International Review of Business & Management 4, no.2:34. doi:10.69610/j.irbm.20221115
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ACS Style
Thomas, S. Retail Management Strategies in Global Markets. International Review of Business & Management, 2022, 4, 34. doi:10.69610/j.irbm.20221115
AMA Style
Thomas S. Retail Management Strategies in Global Markets. International Review of Business & Management; 2022, 4(2):34. doi:10.69610/j.irbm.20221115
Chicago/Turabian Style
Thomas, Sophia 2022. "Retail Management Strategies in Global Markets" International Review of Business & Management 4, no.2:34. doi:10.69610/j.irbm.20221115
APA style
Thomas, S. (2022). Retail Management Strategies in Global Markets. International Review of Business & Management, 4(2), 34. doi:10.69610/j.irbm.20221115
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References
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