Adapting to local cultures is vital for international expansion to succeed
Once specilaity retailers reach a critical
size, expanding abroad is an inevitable step
to ensure future growth. The process is
complex and delicate, with many risk
factors to take into account including:
which geographic area/country to enter
first and which business model to employ,
specific cultural, legal and technological
requirements, how to go about finding the
right local teams and how to streamline
processes between the head office and the
widely dispersed owned or franchised
stores. These are just some of the
challenges faced when considering
international expansion.
By Bernard Lucas,
Operations Director, VCSTIMELESS