Retail

Retail refers to the process of selling goods and services directly to consumers for personal use. It involves various businesses and channels, such as physical stores, online platforms, and vending machines, that facilitate transactions between sellers and end-users. Retail typically includes a wide range of products, from clothing and electronics to groceries and household items. Retailers purchase goods from manufacturers or wholesalers and then sell them at a markup to consumers. The retail sector plays a crucial role in the economy by influencing consumer spending, providing employment opportunities, and enabling the distribution of products. Retail can encompass various formats, including brick-and-mortar stores, e-commerce websites, and pop-up shops, and can operate on different scales, from local independent shops to large multinational chains.