RETAIL - THINKING OF THE USA? Talk to us !
Expanding into the United States is a major step for any UK retail brand, and e-commerce can be a powerful tool for achieving this goal. The US e-commerce market is expected to reach $1 trillion by 2023, making it a major growth area for retailers of all sizes. By launching an e-commerce platform in the US, UK retailers can reach a wider audience and avoid the high costs associated with opening physical stores in the country. However, it is important to have the right marketing strategy in place to ensure success in the highly competitive US market.
One effective marketing strategy for UK retailers looking to expand into the US is to focus on building a strong brand. The US market is highly competitive, and it is important for UK retailers to stand out from the crowd. This can be achieved by developing a unique brand identity and building a strong reputation for quality and customer service. By creating a strong brand, UK retailers can establish trust and credibility with US customers, which is essential for long-term success in the market.
Another key strategy is to focus on building relationships with US customers. This can be achieved by engaging with US customers through social media, hosting events and promotions, and offering personalised experiences. Building a loyal customer base in the US can be challenging, but it is essential for long-term success in the market. By understanding the needs and preferences of US customers, UK retailers can tailor their products and services to meet these needs and create a loyal customer base.
In terms of logistics, it's important for UK retailers to have a well-established supply chain and logistics network in place before launching in the US. This will ensure that products can be delivered to customers in a timely and efficient manner. UK retailers should also be familiar with the US customs and import regulations, as well as the different taxes and tariffs that apply to products sold in the US.
In recent years, a number of UK retailers have successfully expanded into the US using e-commerce. One notable example is Allbirds, a sustainable footwear brand that originated in New Zealand but has since opened its first US store in San Francisco and now operates more than 20 stores across the US. Allbirds has been successful in the US by focusing on sustainability and comfort, and by building a strong brand reputation. Allbirds uses Instagram and Facebook as main social media platforms and they focus on influencer marketing and visual storytelling to reach their target audience.
Another UK brand that has had success in the US is Boohoo, an online fashion retailer that has grown rapidly in the US by focusing on fast fashion and affordability. They have been able to establish a strong presence in the US by building a strong online presence and creating a loyal customer base. They use a combination of influencer marketing, email marketing and social media advertising to reach their target audience.
In terms of market size comparison, the US e-commerce market is significantly larger than the UK e-commerce market. In 2019, the US e-commerce market was valued at $601.75 billion, while the UK e-commerce market was valued at $96.76 billion. This illustrates the potential for growth for UK retailers in the US market.
In conclusion, e-commerce can be a powerful tool for UK retailers looking to expand into the US. By focusing on building a strong brand, building relationships with US customers, and having a well-established logistics network in place, UK retailers can successfully expand into the US and establish a strong presence in the market. Brands like Allbirds and Boohoo are recent examples of how UK retailers can become successful in the US market by focusing on specific niches and building strong brand reputation. Additionally, a well-planned marketing strategy is crucial to reaching and engaging with the target audience effectively.
If your thinking of expanding to the US we have extensive contacts and advisers that can help you. Contact us to see how we can hep !