Retail

Retail refers to the process of selling goods and services directly to consumers for personal use. This sector involves various businesses that sell products in small quantities rather than wholesale, which is aimed at resellers. Retail can take place in physical stores, online platforms, or through mobile applications, encompassing a range of selling formats including department stores, specialty shops, supermarkets, and pop-up shops. The retail industry encompasses diverse categories, including clothing, electronics, groceries, and more. Retailers act as the final link in the supply chain, sourcing products from manufacturers or wholesalers and making them available to end consumers. The sector plays a crucial role in the economy by providing employment opportunities and generating sales tax revenue. Retail experiences various trends influenced by consumer behavior, technological advancements, and economic conditions, such as the rise of e-commerce and omnichannel retailing.