Online retail refers to the process of buying and selling goods and services over the internet. It has transformed the way consumers shop, allowing them to browse a vast array of products from the comfort of their homes. Major players in this space include Amazon, eBay, and Alibaba, which offer platforms for both consumers and businesses to engage in transactions.
The rise of online retail has led to significant changes in consumer behavior, with many preferring the convenience of shopping online over traditional brick-and-mortar stores. This shift has also prompted businesses to adapt their strategies, focusing on enhancing user experience and optimizing logistics to meet the growing demand for fast delivery.