Retail

Retail refers to the sale of goods or services directly to consumers for their personal use. It encompasses a variety of sales formats, including physical stores, online platforms, and direct selling methods. Retailers purchase products from manufacturers or wholesalers and then mark up the price to sell them to end-users. This process forms a critical part of the supply chain, bridging the gap between producers and consumers. Retail can occur in various sectors, including clothing, food, electronics, and home goods, and can range from small independent shops to large department stores and e-commerce giants. The retail industry is essential to the economy, influencing consumer trends and overall economic activity.