Retail - Page 3

Retail refers to the sale of goods and services directly to consumers for personal use. It encompasses a wide range of businesses, from small, independent shops to large department stores and online platforms. Retail operations can include various sales formats, such as brick-and-mortar stores, e-commerce websites, and mobile applications. The retail sector plays a crucial role in the economy, serving as a primary distribution channel for products and providing employment opportunities. Retailers typically purchase goods from wholesalers or manufacturers and then mark up the prices for sale to end-users. The retail process involves not only selling but also marketing, customer service, inventory management, and often supply chain logistics. The focus is on customer satisfaction and creating a shopping experience that encourages purchases, reflects on trends, and adapts to consumer preferences.