Meaning of the word "Online retail" in English

What does "Online retail" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Online retail

US /ˈɑnˌlaɪn ˈriːteɪl/
UK /ˈɒnˌlaɪn ˈriːteɪl/

Phrase

the business of selling goods or services to consumers through the internet

Example:
The growth of online retail has transformed the shopping experience.
Many traditional stores are now investing heavily in their online retail platforms.