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Retailing Across Borders
Retail Doesn't Cross Borders - HBR April 2012
A few retailers have succeeded in going global by developing strategies that apply four retail-specific rules for globalization. Rule 1: The home market is the linchpin. Retailers can generate the resources they need to go global by applying innovative growth strategies at home. Rule 2: Always bring something new to market. Without an element of novelty, it will be difficult for retailers to overtake entrenched rivals. Rule 3: Differentiation is more important than synergies. Leveraging synergies globally and allowing each country unit to adjust to local needs is a critical balancing act. Rule 4: Timing is critical.